Eligible Policyholder definition

Eligible Policyholder means a policyholder who had a policy in force with a mutual insurer at any time during the three-year period immediately preceding the date of the adoption of a plan of conversion by the mutual insurer’s board of directors, including the date of adoption of the plan of conversion, and who, therefore, is eligible to receive an equitable share of the remaining statutory surplus of the mutual insurer, after provision for the base value for voting policyholders, as a result of the conversion.

Eligible Policyholder. ’ means a policyholder

Eligible Policyholder means the Policyholder of an Eligible Policy. For Eligible Policies that identify multiple insureds, each Person so identified on the declarations page of such Policy shall be an Eligible Policyholder. Each such Eligible Policyholder that is a Record Date Policyholder shall be entitled to vote at the Special Meeting. In addition, each such Eligible Policyholder shall be entitled to an allocation of the Cash Consideration based on the Eligible Premium with respect to such Eligible Policyholder as set forth in the definition of Eligible Premium.

Examples of Eligible Policyholder in a sentence

• The Insurance Coverage will be given directly to the Eligible Policyholder.

• The amount distributable to each Eligible Policyholder shall be paid directly to such Eligible Policyholder unless such Eligible Policyholder has affirmatively designated a Policy Administrator or EPLIP Employer to receive such amount on its behalf, in which case such amount shall be distributed to such Designee.

• For Eligible Policies that identify multiple insureds, the Eligible Premium with respect to each Eligible Policyholder under such Eligible Policy means the sum of the net premiums (gross premium less return premium and dividend paid) properly and timely paid and allocable to such Eligible Policyholder under the Eligible Policy.

• Further, because such corridors are already employed for utility or communications uses, and the new deployments will be comparable in size to such existing uses, these additional uses are unlikely to trigger new NEPA concerns.

• To the extent that such amounts are properly withheld by the Sponsor, MLMIC or the Conversion Agent, such withheld amounts will be treated for all purposes of this Plan of Conversion as having been paid to the Eligible Policyholder, or its Designee, in respect of whom such deduction and withholding were made by the Sponsor or the Conversion Agent.

More Definitions of Eligible Policyholder

Eligible Policyholder means a Person who, on the Eligibility Record Date, is a named insured under a Qualifying Policy issued by Fremont Mutual; provided however, that if the Qualifying Policy lists more than one named insured, all persons identified on the Qualifying Policy as a named insured shall jointly constitute one Eligible Policyholder with respect to that Qualifying Policy. Notwithstanding anything to the contrary expressed or implied in the Plan or the articles of incorporation or bylaws of Fremont Mutual, (i) no Qualifying Policy shall have more than one Eligible Policyholder, and (ii) with respect to each Qualifying Policy for which there is more than one named insured, the act of any one of the named insureds shall constitute the act of the Eligible Policyholder for the Qualifying Policy and all of the named insureds for the Qualifying Policy shall be bound by that act. A person insured under a group policy is not an Eligible Policyholder.

Eligible Policyholder means a Policyholder who is, or is deemed for purposes of this Plan to be, the Owner on or as of the Adoption Date of one or more Eligible Policies.

Eligible Policyholder means a Person who is, or, collectively, the Persons who are, the owners on the date that the Plan is adopted by the Company's board of directors of a policy that is in force on such date. The Company and any corporation in which the Company, directly or indirectly, holds a majority of the outstanding shares entitled to vote in the election of directors shall not be Eligible Policyholders with respect to any policy that entitles the policyholder to receive consideration, unless the consideration is to be utilized in whole or part for a plan or program funded by that policy for the benefit of participants or employees who have coverage under that plan or program.

Eligible Policyholder means a Person who, on the Eligibility Record Date, is the named policyholder under a Qualifying Policy issued by MICOA; provided however, that if the Qualifying Policy lists more than one named policyholder, all persons identified on the Qualifying Policy as a named policyholder shall jointly constitute one Eligible Policyholder with respect to such Qualifying Policy. Notwithstanding anything to the contrary express or implied in the Plan or the articles of incorporation or bylaws of MICOA, (i) no Qualifying Policy shall have more than one Eligible Policyholder, and (ii) with respect to each Qualifying Policy for which there is more than one policyholder, the act of any one of such named policyholders shall constitute the act of the Eligible Policyholder for such Qualifying Policy and all of the named policyholders for such Qualifying Policy shall be bound by such act.

Eligible Policyholder means those policyholders entitled to vote on , and --------------------- receive consideration under, the Plan of Conversion.

Eligible Policyholder means a policyholder who owns, or is

Eligible Policyholder means a Person who is, or, collectively, the Persons who are, the Owner on the Adoption Date of a Policy that is In Force on such date. The Company and any subsidiary of the Company shall not be Eligible Policyholders with respect to any Policy that entitles the policyholder to receive consideration, unless the consideration is to be utilized in whole or part for a plan or program funded by that Policy for the benefit of participants or employees who have coverage under that plan or program. The Company may deem a person to be an Eligible Policyholder in order to correct any immaterial administrative errors and oversights.