Eligible RLI DAC Liver Policy definition
Eligible RLI DAC Liver Policy means a With-Profits Policy or a Contingent Bonus Policy allocated to the Liver Ireland Sub-Fund which is not an Excluded Policy and:(a) which will not have reached its scheduled maturity prior to the Reference Date;(b) which has not been claimed in full (or come into payment in full) on maturity, retirement, surrender, transfer or death (in each case in accordance with the terms of the Policy) as at the Calculation Date or as at the date of the Policyholder Meeting; and(c) in respect of which the Eligible RLI DAC Liver Policyholder has not (in accordance with the terms of the Policy) ceased to be entitled to receive benefits as at the Calculation Date or as at the date of the Policyholder Meeting,and excluding, for the avoidance of doubt, any policy allocated to the Liver Sub-Fund;