Defined Event definition
Examples of Defined Event in a sentence
The Insurer is not obliged to accept premium tendered after cancellation due to non- payment and will not be liable for any claim arising from a Defined Event occurring during the period of non-payment.
The Insurer will have sole discretion in the reinstatement of the Policy and/or acceptance of the claim arising from the Defined Event and if so accepted, will require the Insured to pay all outstanding premiums.
In the event of a policy being cancelled due to non-payment, the Insurer shall not be liable for any Defined Event that may have occurred during the period of non-payment of premium.
Gap Cover - A benefit equal to actual cost limited to six (6) times the Medical Scheme Tariff less the higher of the Medical Scheme Tariff or Medical Scheme Option Reimbursement Rate for Treatment received whilst as an in-patient and/or outpatient (as stated in the Defined Event).
For the avoidance of doubt the provisions of this clause 6.2 will not apply if CWJ gives notice under clause 9 or if a Defined Event occurs as contemplated by clause 9.