Current Policy Year definition

Current Policy Year means the Policy Year that an insurance event or transaction is taken place under the Provisions of this policy.
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Examples of Current Policy Year in a sentence

  • To understand the claims-made policy, we will define: Current Policy Year: The policy year begins on the effective date shown on the policy and expires on the expiration date also shown on the policy.

  • Projected Loss Ratio for the Current Policy Year (PLRCY) is determined as follows: [BLR *(1+T) *(1+PDC)] / (1+PI) = PLRCYTrend (T) – Trend (Table C), which accounts for changes in unit cost and utilization of services between the current policy year and the subsequent policy year (the rating period), is applied to the Projected Loss Ratio for the Current Year.

  • The Cash Collateral for the Current Policy Year is estimated to be $1,592,180.00.

  • The Collateral Account shall be credited with Net Ceded Premium for the First Policy Year, Net Ceded Premium to be paid during the Current Policy Year, and all investment income attributed to SP110.

  • For both the Prior Policy Year and the Current Policy Year, GIC has required and the Shareholder or the Insured has provided or shall provide maximum cash collateral (the “Cash Collateral”) equal to twenty percent (20%) of the Premium for each Policy Year (referred to herein as the “Overall Aggregate Limit”).

  • Year Number of Units MileageGross Receipts12 Months Projected: Current Policy Year: 1st Prior Policy Year: 2nd Prior Policy Year: 3rd Prior Policy Year: 5.

  • Fixing DateThe date determined by the Calculation Agent based on the Investment tenure.

  • Projected Loss Ratio for the Current Policy Year (PLRCY) is determined as follows: [BLR *(1+T) *(1+PDC)] / (1+PI) = PLRCY Trend (T) – Trend (Table C), which accounts for changes in unit cost and utilization of services between the current policy year and the subsequent policy year (the rating period), is applied to the Projected Loss Ratio for the Current Year.

  • Trended B/L EP @ Current Policy Year 98 trend period 1/1/99 – 1/1/04 = 5 years (assuming rates in effect one year) Freq * severity = 0.99 * 1.05 = 1.0395 Projected weighted loss ratio = .2*(1.214) + .3*(0.779) + .5*(0.842) = 0.8975 b.

  • New residents or residents moving within the District may submit a form after the deadline with proof of residence or proof of address change and must submit the form 5 days prior to the requested change.

Related to Current Policy Year

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market Seller’s cost-based offer(s) for a generation resource.

  • Investment Policy means the investment policy from time to time determined by the Commission under the Rules;

  • Procurement Policy Board or “PPB” shall mean the board established pursuant to Charter § 311 whose function is to establish comprehensive and consistent procurement policies and rules which have broad application throughout the City.

  • Investment Policies means the investment objectives, policies, restrictions and limitations set forth in the “BUSINESS” section of its Registration Statement, and as the same may be changed, altered, expanded, amended, modified, terminated or restated from time to time.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Policy Date means the date on which the Search Report was prepared.

  • Resettlement Policy Framework or “RPF” means the resettlement policy framework adopted by the Recipient on January 20, 2011, setting forth, inter alia, a brief description of the Project and components for which land acquisition and Resettlement are required, the principles and objectives governing Resettlement preparation and implementation, and a description of the process for preparing and approving site-specific Resettlement Action Plans.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Policy Period means the period commencing from effective date and hour as shown in the Policy Schedule and terminating at midnight on the expiry date as shown in the Policy Schedule.

  • Risk Management Policy means the Risk Management Policy of the Borrower in effect on the date of this Agreement as amended from time to time.

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Business Week means five consecutive Business Days, excluding Public Holidays as defined in the Public Holidays Act;

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Annual Business Plan means the business plan for the next calendar year made by Party A in accordance with this agreement prior to November 30 every year with the assistant of Party B.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Business Travel Policy means our business travel policy. A copy of our current Business Travel Policy is attached as Schedule 1 to Exhibit B.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Energy year or "EY" means the 12-month period from June 1st

  • Rates Policy means the policy on the levying of rates on rateable properties of the CEDERBERG MUNICIPALITY contemplated in chapter 2 of the Municipal Property Rates Act.

  • Current Sick Leave means those days of sick leave for the current contract year, which leave is granted at the rate of one day of sick leave per month worked, or major part thereof.

  • Medicare supplement policy means a group or individual policy of [accident and sickness] insurance or a subscriber contract [of hospital and medical service associations or health maintenance organizations], other than a policy issued pursuant to a contract under Section 1876 of the federal Social Security Act (42 U.S.C. Section 1395 et. seq.) or an issued policy under a demonstration project specified in 42 U.S.C. § 1395ss(g)(1), which is advertised, marketed or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare. “Medicare supplement policy” does not include Medicare Advantage plans established under Medicare Part C, Outpatient Prescription Drug plans established under Medicare Part D, or any Health Care Prepayment Plan (HCPP) that provides benefits pursuant to an agreement under §1833(a)(1)(A) of the Social Security Act.

  • Clawback Policy is defined in Section 14.

  • R&W Policy means any buyer-side representations and warranties insurance policy purchased by a Buyer or an Affiliate thereof in connection with this Agreement on or before the Closing Date.