Crown Life definition
Examples of Crown Life in a sentence
Benefits to be decreased by any amount collectible from state or federal government sources or County self-insured conditions which will be the same as was formerly provided in Crown Life Insurance Company policy.
In accordance with the terms and conditions of the Crown Life Group Insurance Plan, the Employer agrees to pay one hundred percent (100%) of the billed premiums for each employee in the Crown Life Group Insurance Plan, and that the life insurance coverage for each employee will be at two (2) times the employee's annual salary.
During the Term of Employment, Employee shall be entitled to coverage under Employer's customary employee benefits package applicable to individuals who are both executive officers and board members of Employer; provided, however, that key employee whole life insurance (Crown Life Insurance) shall not be included.
Details regarding the meetings of the shareholders of Crestwell and Crown Life, respectively, will be provided in a joint management information circular of Crestwell and Crown Life that will be mailed to shareholders.
In the case of a vacancy on the Board arising from the death, disqualification, inability to act, resignation or removal of the director nominated by Crown Life, GEIPPP II will cause its nominees on the Board to vote in favour of a replacement nominee of Crown Life to fill such vacancy for the remainder of the original nominee's term on the Board, provided that Crown Life holds at least 10% of the Shares of the Company at the date of such vote.
Crown Life is focused solely on the U.S. senior life settlement market and has a portfolio of approximately US$100 million in face value of life insurance policies.
GEIPPP II agrees that, at each general meeting of the Company at which Directors are elected, it shall vote its Common Shares in favour of the election of one nominee of Crown Life to the Board, provided that Crown Life holds at least 10% of the Shares of the Company at the date of such general meeting.
The Company warrants to the Reinsurer that all life insurance business previously reinsured with Crown Life Insurance Company has been completely recaptured from Crown Life as of December 31, 1996 and that such business is included in the December 31, 1996 in force reinsured under this Agreement.
In connection with the Offering, the Agent will be entitled to a cash commission equal to 7.5% of the aggregate gross proceeds, and broker warrants exercisable for Crown Life Units equal to 7.5% of the number of Subscription Receipts issued.
Co. (Kentucky Central) US Business of Canada Life Assurance Co. Crown Life Reinsurance Options Closed for NB April 14, 1997 8 2003 Life Automatic Coinsurance (RBC Express Term) RBC Ins Liberty Life Ins.