Common use of Purpose of the Coverage Clause in Contracts

Purpose of the Coverage. ‌ In the event of the death of a participant covered under one or more life insurance plans, the Insurer pays the insurance amount to the participant’s beneficiary. In the event of the death of a participant’s dependent covered under one or more life insurance plans, the Insurer pays the insurance amount to the participant.

Appears in 3 contracts

Samples: Group Insurance Contract, Group Insurance Contract, www.fiqsante.qc.ca

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Purpose of the Coverage. In the event of the death of a participant covered under one or more life insurance plans, the Insurer pays the insurance amount to the participant’s beneficiary. In the event of the death of a participant’s dependent covered under one or more life insurance plans, the Insurer pays the insurance amount to the participant.

Appears in 2 contracts

Samples: Group Insurance Contract, Group Insurance Contract

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