Inforce policy definition

Inforce policy means a policy in which all the due premiums have been paid and the premiums are not outstanding.
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Inforce policy means a policy in which all due premiums have been paid and the premiums are not outstanding beyond grace period.
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Examples of Inforce policy in a sentence

  • Inforce policy means a policy in which all the due premiums have been paid and the premiums are not outstanding.

  • In-force policy: In-force policy means a policy in which all the due premiums have been paid and the premiums are not outstanding.B23.

  • In-force policy: In-force policy means a policy in which all the due premiums have been paid and the premiums are not outstanding.B30.

  • Inforce policy management is crucial, however, because the guarantees are contingent on the premiums being paid on time.The pricing for whole life and universal life is increas- ing for both newly issued policies and inforce policies, as the life insurance companies continue to exercise their pricing discretion to reduce interest crediting rates and increase expenses.

  • Turnover decreased 4% to £789m (2020: £822m) in spite of In-force policy growth due to a softening rate environment and a higher proportion of lower risk drivers underwritten in the year.

  • This Grace Period applies to all premium payment modes (Premium Frequency) Guaranteed Income means the benefit amount as specified in your schedule that shall be payable for a period of 5 years as per your chosen Payout Frequency Inforce policy means a policy in which all the due premiums have been paid and the premiums are not outstanding.

  • In-Force Policy: In-force policy means a policy in which all the due premiums have been paid and the premiums are not outstanding.B26.

  • In case of death of Life Assured under an Inforce policy wherein all the premiums due till the date of death have been paid and where the mode of payment of premium is other than yearly, balance premium(s), if any, falling due from the date of death and before the next policy anniversary shall be deducted from the claim amount.The Company does not have any obligation to issue a notice that premium is due or for the amount that is due.

  • Well, Descartes, essentially, shows one thing: namely, that life is unthinkable.

  • Subject to the recommended conditions, the proposed works would not have any unreasonable impact on the adjoining bushland zoned as public open space and accordingly, the proposal complies with the aims of SEPP 19.

Related to Inforce policy

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Blanket insurance policy means a group policy covering a defined class of

  • Bond Insurance Policy means the municipal bond new issue insurance policy issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • The Policy means any insurance policy held by the Landlord for the Property or the Fixtures and Fittings.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Fair Use Policy means the fair use policy governing the Support Services attached in Exhibit 1, as may be amended by WSP from time to time.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Reimbursement insurance policy means a policy of insurance

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • R&W Policy means any buyer-side representations and warranties insurance policy purchased by a Buyer or an Affiliate thereof in connection with this Agreement on or before the Closing Date.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Policy Grievance shall be signed by a xxxxxxx or a Union representative or, in the case of an Employer's policy grievance, by the Employer or its representative.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.