Creditor Insurance definition

Creditor Insurance and “Insurance” means Life Insurance and Disability Insurance for your Personal Line of Credit.
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Creditor Insurance and "Insurance" means Life Insurance, Critical Illness Insurance, Disability Insurance or Disability Insurance Plus, as applicable, for your Mortgage Loan.
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Creditor Insurance means insurance which principally provides cover in respect of a borrower's inability to repay all or part of the amount of any credit made available to him by a lender, as a result of the occurrence of a specified event
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Examples of Creditor Insurance in a sentence

  • Life and Pensions net new money for the period was a negative €718 million.In the Personal Risk and Term Creditor Insurance segments, revenues were up 12.4% and 8.6% respectively.

  • For example, all of what is owed must still, if we choose, be paid immediately.5.2.5 Property Tax or Creditor Insurance payments.

  • Personal Risk revenues grew by a healthy 5.9% and Term Creditor Insurance revenues were up by a strong 21.4% in a soft credit market.

  • You should refer to your Certificate of Insurance for further details or call the Creditor Insurance Helpline at 1 800 465-6020.

  • Credit Limit greater than $150,000If your Credit Limit is greater than $150,000 and you apply for Insurance, your Creditor Insurance on the PLC balance up to $150,000 begins on the later of:i) the day your PLC is approved by CIBC; or ii) the day CIBC receives your signed and completed Application.Your insurance coverage for the PLC balance in excess of $150,000 begins on the day Canada Life advises you in writing that it has approved your insurance coverage for the excess amount.

  • A number of important elements are included in the brochure, including when coverage takes effect, when benefits would be terminated, our privacy and confidentiality commitment and our policy regarding the exchange of information.If you have any questions regarding Creditor Insurance, please speak with your financial advisor.

  • Special Markets Group Creditor Insurance Employee Plans Group Insurance Relative importance of the sector 2005 Value Proportion of Company total Adjusted net income1 $35.7 million 19.4% Premiums $694.9 million 19.4% Employee Plans In the Employee Plans market segment, Industrial Alliance offers a wide range of products and services that are available on an insured, experience or administrative services only (ASO) contract basis.

  • Youhereby acknowledge that you have been advised that Mortgage Life/ Creditor Insurance may be available to you through your mortgage broker, lender or an insurance company and take sole responsibility to investigate and secure such coverage if desired.

  • By way of example, the following coverage units are used for the main types of contract: - Savings: mathematical provisions - Pensions: mathematical provisions - Term Creditor Insurance: outstanding principal - Individual death & disability insurance: ▪ funeral insurance: insured amount ▪ long-term care insurance: insured amount for home improvements - Group Death/Disability Insurance: these are annual contracts and the total CSM is therefore recognised in profit in the reporting year.

  • Creditor Insurance earns the Creditor a percentage of the Customer’s total premium amount.


More Definitions of Creditor Insurance

Creditor Insurance means Life Insurance, or Life plus Total Disability Insurance, or Life plus Job Loss Insurance, or Life, Total Disability plus Job Loss, as applicable, as described in the Certificate.
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Creditor Insurance means Mortgage Life Insurance, Mortgage Disability Insurance and Mortgage Disability Insurance Plus as described in this Certificate.
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Related to Creditor Insurance

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Excess insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;20

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Blanket insurance policy means a group policy covering a defined class of

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Personal lines insurance means property and casualty insurance coverage sold for primarily noncommercial purposes to:

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Loss Payee Has the meaning specified in Section 13.02(b)(i) of the Lease.

  • Casualty insurance means liability insurance.