How are changes in the amount of my insurance handled Sample Clauses

How are changes in the amount of my insurance handled. When a change in any circumstance would make you eligible for a different amount of insurance, the amount of insurance will be adjusted as follows: If the change would result in an increase, the increase will be effective on the later of:  the date of the change in circumstance;  the date of your return to active full-time employment for full pay if you were not actively at work full-time and for full pay on the date of the change in circumstance; and  the date any required evidence of insurability is approved by Great-West Life. If the change results in a decrease in the amount of insurance, the decrease will be effective on the date of the change in the circumstance.
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Related to How are changes in the amount of my insurance handled

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  • Specific Requirements for Automobile Liability Contractor shall purchase and maintain coverage with split limits of $500,000 per person (personal injury), $1,000,000 per accident occurrence (personal injury), and $100,000 per accident occurrence (property damage), OR combined single limits of $1,000,000 per occurrence to cover such claims as may be caused by any act, omission, or negligence of Contractor or its officers, agents, representatives, assigns, or subcontractors.

  • Business Automobile Liability Insurance Business Automobile Liability Insurance must cover all owned, non-owned and hired vehicles with a minimum combined single limit of $500,000 per occurrence for bodily injury and property damage. The policy shall contain the following endorsements in favor of DIR and/or Customer:

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