Declination definition

Declination means the process by which Treasury refuses to make final payment on a check, i.e., declines pay- ment, by instructing a Federal Reserve Bank to reverse its provisional credit to a presenting bank.

Declination has the meaning set forth in Section 8.6.D hereof.

Declination means the refusal of an insurer to issue a policy upon receipt of a written nonbinding application or written request for coverage from its insurance producer or an applicant. The offering of insurance coverage with a company within an insurance group which is different from the company requested on the nonbinding application or written request for coverage, or the offering of policy coverage or rates substantially less favorable than requested in the nonbinding application or written request for coverage, is a declination.

Examples of Declination in a sentence

• All benefit eligible employees hired on or after July 1, 2016 shall be eligible to receive cash in lieu of a District contribution to benefits in the amount of $3,000/year if the unit member is currently participating in the cash out program, and the unit member annually provides proof of alternate medical insurance, and the unit member completes the District-provided Declination of Coverage form.

• All benefit eligible employees hired prior to July 1, 2016 shall remain eligible to receive cash in lieu of a District contribution to benefits in the amount of $5,906/year if the unit member is currently participating in the cash out program, the unit member annually provides proof of alternate medical insurance, and the unit member completes the District-provided Declination of Coverage form.

More Definitions of Declination

Declination has the meaning set forth in Section 15.1.A hereof.

Declination shall have the meaning set forth in Section 6(f) of this Partnership Unit Designation.

Declination or "decline" means either the refusal of an insurer to issue an automobile liability insurance policy upon receipt of a written nonbinding application or written request for coverage from its agent or an applicant, or refusal of an agent to transmit to an insurer a written nonbinding application or written request for coverage received from an applicant. The offering of insurance coverage with a company within an insurance group that is different from the company requested on the nonbinding application or written request for coverage, or the offering of insurance upon different terms than requested in the nonbinding application or written request for coverage, shall be considered to be a declination; and

Declination means any of the following:

Declination means a formal process where an individual makes an informed choice declining Hepatitis B vaccination, following standards and procedures established by the federal Occupational Safety and Health Administration (OSHA) regulations (29 CFR § 1910.1030(f)(2)(iv) (effective July 6, 1992).

Declination means the refusal of an insurer to issue a policy upon receipt of a

Declination. Means written notification by a Bureau Approving Official not to enter into a self-determination contract.