Insurance binder definition

Insurance binder means a temporary document that serves as evidence of insurance until the insurance policy is issued.
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Insurance binder means a contract that provides insurance coverage pending the issuance of an original insurance policy that will be issued on or before the 30th day after the date the insurance binder is issued.
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Insurance binder means a written temporary contract of insurance authorized by an
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Examples of Insurance binder in a sentence

  • Seller shall have delivered to Buyer a true and correct copy of the Tail Insurance binder.

  • Sellers shall have delivered to LifePoint Sub a true and correct copy of the Tail Insurance binder.

  • Your insurance must be electronically filed with the Georgia Electronic Insurance Compliance System or you must have a copy of your Georgia Insurance binder page with an effective date within the last 30 days.

  • Seller Group shall have delivered to Buyer a true and correct copy of the Tail Insurance binder.

  • At the closing, before a Township’s check is released, the homeowner’s attorney must provide a signed HUD-1 RESPA form, and a Title Insurance binder.

  • We enclose copies of the following for your records: • Mortgage bearing registration particulars and an originally signed copy; • Loan Commitment Letter with completed Schedule “B” (Order to Pay), • Certified Copy of Resolution of the Directors of the Borrower; • Statutory Declaration; • Opinion Letter of the solicitor for the Borrower; • Property tax information; • Insurance binder and Certificate of Insurance.

  • Monthly payment: $ Copy of current tax bill or tax authority contact information is attached Copy of the Declaration Page of the Insurance binder is attached Collect $ for taxes and/or insurance and pass it through to the seller—no reserve account necessary 5.

  • Insurance binder" means a temporary document that serves as evidence of insurance until the insurance policy is issued.

  • Renter may be able to procure an Insurance binder through Owner’s insurance on the vehicle.

  • At the closing prior to disbursement of the County check, the homebuyer’s attorney/closing agent must provide a signed HUD-1 RESPA form, and a Title Insurance binder.


More Definitions of Insurance binder

Insurance binder means an insurance binder that is in form and ----------------- substance reasonably satisfactory to the Investors setting forth, among other things, the types and amount of insurance coverage to be obtained by the Company, and the insurance premiums payable for the first year of such coverage.
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Insurance binder means one or more binders of insurance, issued by one or more insurance carriers reasonably acceptable to G-P and Plum Creek, binding such insurance carriers unconditionally, except as respects non-payment of premium, to issue one or more insurance policies (i) providing a minimum of $500 million of tax opinion guarantee insurance coverage reasonably acceptable to G-P and Plum Creek and (ii) containing terms and conditions customary to such insurance.
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Insurance binder means any undertaking by an insurer, or its agent, to issue a policy of
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Related to Insurance binder

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • 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.

  • 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.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about the date of this Agreement and addressed to, and capable of being relied upon by, the Finance Parties.

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

  • 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.

  • Insurance Schedule means Schedule 3 attached hereto.

  • 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.

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

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Insurance Regulator means any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

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

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

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

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.