Life Insurance Act definition

Life Insurance Act means the Life Insurance Act 1995 and Life Insurance Regulations;
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Life Insurance Act means the Life Insurance Act 2000 (as amended from time to time) including the regulations and prudential standards made under this Act;
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Life Insurance Act means the Life Insurance Act 1995 (Cth);
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Examples of Life Insurance Act in a sentence

  • A board may contract for the payment to it, by any body corporate, any corporation that is a friendly society within the meaning of section 16C of the Life Insurance Act 1995 of the Commonwealth, or other society or person, of the cost of hospital service to be afforded by the board to any person, and the amount so agreed to be paid, or a reasonable sum if no specific amount is so agreed upon, shall be a debt recoverable in any court of competent jurisdiction.

  • This Prudential Standard is made under paragraph 230A(1)(a) of the Life Insurance Act 1995 (the Act).

  • The Commissioner in any case within the last preceding section in which members of a corporation that is a friendly society within the meaning of section 16C of the Life Insurance Act 1995 of the Commonwealth are interested may before making an order thereunder dispense with the aforesaid advertisement.

  • A corporation that is a friendly society within the meaning of section 16C of the Life Insurance Act 1995 of the Commonwealth shall not be wound up under this Act as an unregistered company except upon the application of a creditor.

  • Casuals under this pay plan are not entitled to earn or to be granted annual or sick leave, or to be covered under the Federal Employees' Group Life Insurance Act (5 U.S.C. 87), Civil Service Retirement Act (5 U.S.C. 83), Federal Employees' Retirement System (5 U.S.C. 84), Federal Insurance Contributions Act (26 U.S.C. 3121(b)(6)(C)).

  • This profit sharing is governed by the Life Insurance Act 1995 (Cth) and the life insurance companies’ constitutions.

  • Shareholders can only receive a distribution when the capital adequacy requirements of the Life Insurance Act 1995 have been met.Policy liabilitiesLife insurance liabilities are measured as the accumulated benefits to policyholders in accordance with AASB 139 and AASB 1038, which apply to investment contracts and assets backing insurance liabilities, respectively.

  • Changes in fair values are recognised in the income statement in the period in which the changes occur.Restriction on assetsInvestments held in the Life Funds can only be used within the restrictions imposed under the Life Insurance Act 1995.

  • The Australian life insurance operations of the Group consist of investment-linked business and non-investment-linked business, which are conducted in separate statutory funds as required under the Life Insurance Act 1995 (Cth).

  • The veteran died on or after May 1, 1957, and before January 1, 1972, if at the time of death a policy of United States Government Life Insurance or National Service Life Insurance was in effect under waiver of premiums under38 U.S.C. 1924 unless the waiver was granted under the first proviso of sec- tion 622(a) of the National Service Life Insurance Act of 1940, and the veteran died before return to military jurisdic- tion or within 120 days thereafter.


More Definitions of Life Insurance Act

Life Insurance Act means the Life Insurance Act 2000.
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Related to Life Insurance Act

  • Insurance Act means the Insurance Act, 1938;

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.

  • Credit unemployment insurance means insurance:

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Flood Insurance Regulations means (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

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

  • Flood Insurance Laws means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto.

  • Insurance Administration means, with respect to each Shared Policy, the accounting for premiums, retrospectively-rated premiums, defense costs, indemnity payments, deductibles and retentions, as appropriate, under the terms and conditions of each of the Shared Policies; and the reporting to excess insurance carriers of any losses or claims which may cause the per-occurrence, per claim or aggregate limits of any Shared Policy to be exceeded, and the distribution of Insurance Proceeds as contemplated by this Agreement.

  • Insurance Laws means all laws, rules and regulations applicable to the business of insurance and the regulation of insurance holding companies, whether domestic or foreign, and all applicable orders and directives of Governmental Authorities and market conduct recommendations resulting from market conduct examinations of Insurance Regulators.

  • Insurance Program or “program” shall mean a program which has been designated as a major program of PRISM under which participating members are protected against designated losses, either through joint purchase of primary or excess insurance, pooling of self-insured claims or losses, purchased insurance or any other combination as determined by the Board of Directors. The Board of Directors, the Executive Committee, or a program’s governing committee may determine applicable criteria for determining eligibility in any insurance program, as well as establishing program policies and procedures.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Insurance Commissioner means the Insurance Commissioner

  • Federal Reserve Act means the Federal Reserve Act, as amended.

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Insurance Authority means the Insurance Authority of Hong Kong established pursuant to section 4AAA of the Insurance Ordinance.

  • Credit accident and health insurance means insurance on a debtor to provide

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Insurance Amount has the meaning set forth in Section 6.08(c).

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

  • 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.