Default Cover definition

Default Cover means, in respect of an Eligible Person of an Employer Plan, the Cover detennined by the relevant Insurance Formula up to the maximum of the AAL, or as otherwise determined under the relevant Participation Certificate.
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Default Cover means the Basic Level of Cover for Death, Terminal Illness and / or Total and Permanent Disablement Benefits provided without Evidence of Insurability under the First Schedule for Category D Insured Members of the MKBS Plan from 1 April 2009.
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Default Cover means the cover you receive when you join the Fund (and meet eligibility requirements) that is not subject to underwriting (medical assessment) by the “Insurer”.
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Examples of Default Cover in a sentence

  • The Rate of Premium for Default Cover of one unit of death, Terminal Illness and Total and Permanent Disablement cover is set out in the table below.

Related to Default Cover

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • default fund means a default fund held by a CCP in accordance with Article 42 of Regulation (EU) No 648/2012;

  • Default Fee means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Prime Rate.

  • Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.