funeral policy means a contract in terms of which a person, in return for a premium, undertakes to provide on the death of a particular person policy benefits, not exceeding such amount as may be prescribed, consisting mainly of the provision of a funeral for the deceased person or the granting to another person of some other non-monetary benefit, whether or not the policy provides for -
funeral policy means a policy whereby the insurer assumes, in return for a premium or the promise of premium, an obligation to provide, on the death of any person, benefits, not exceeding in value a total of one thousand two hundred dollars, which consist principally of provision for the funeral of that person or the grant to another person of some other non-monetary benefit, whether or not the policy provides for—
funeral policy means a life insurance policy where the benefit under the policy is a lump sum, or specified or determinable equal or unequal sums of money payable at specified intervals to cover the cost associated with a funeral or the rendering of a service on the happening of a death event and includes any rider benefit intended to cover the cost associated with a funeral or the rendering of a service on the happening of a death event, and includes –
Examples of funeral policy in a sentence
As a part of good governance, and recognizing that VGG would benefit from formalizing this protocol document into a formal policy, Council recently passed a resolution to adopt the VGFN Bereavement and Funeral Policy.
More Definitions of funeral policy
funeral policy means a life insurance policy underwritten under the funeral class of life insurance business as set out in Table 1 of Schedule 2 of the Insurance Act;
funeral policy means a contract of insurance whereby the insurer as-
funeral policy means a policy under which an insurer assumes a contingent obligation dependent on the death of a beneficiary for expenses relating to the funeral and interment of the beneficiary;
funeral policy means a contract of insurance whereby the insurer as- sumes, in return for a premium or the promise of a premium, an obliga- tion to provide, on the death of any person, benefits to be determined by the Commissioner by regulations;
funeral policy means a life insurance policy underwritten under the funeral class of life insurance business as set out in Table 1 of Schedule 2 of the Insurance Act and includes any rider benefit that would constitute a policy written under the funeral class of insurance business referred to in Table 1 of Schedule 2 to the Insurance Act, had it not been a rider benefit; Comment [IRFD10]: Inserted as agreed wthe PA to ensure that the standards also appl
funeral policy means the insurance policy concluded between a Member as Policyholder, and the Insurer, in respect of the Funeral Benefit as set out in the Funeral Policy. The Funeral Policy forms part of this Pukwana ya Kganya Contract, and is concluded pursuant to a Member's Membership to the Trust, as provided for in the Master Regulations and the Basic Benefits Regulations;