Other Insured Rider definition

Other Insured Rider. The Net Amount at Risk is the Specified Amount of the Rider. For purposes of this Agreement, the following will apply:
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Other Insured Rider. Premium rates for the Other Insured Rider will be calculated the same as the base plan to which it is attached.
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Examples of Other Insured Rider in a sentence

  • BIR (Base Insured Rider) and OIR (Other Insured Rider) - These riders will be proportionately reinsured using the same premium rates scale as used for the base coverage.

  • Other Insured Rider can continue as a term policy under a new policy number at original issue age at same rider premium plus policy fee WorkflowAll applications and required forms should be submitted to Mutual of Omaha home office in Blair, NE .

  • In the event of a contractual conversion of an Other Insured Rider that is issued in connection with a policy reinsured under this Agreement, such conversion shall be treated as an internal replacement and handled in the manner set forth in the second paragraph of the foregoing Article 8.1 relating to internal replacements.

  • And so did Papa Kura Strickland who recently passed away as well.It’s a sad testament really to the memories of these former political fathers of our country when they no longer felt secure and respected by the current CIP leader and his team.

  • The Other Insured Rider allows you to purchase renewable term insurance on yourself, your spouse, child or business partner.If you are a business owner, Horizon may be an ideal funding vehicle for your fringe benefit plans, offering your company the ability to build cash values for future benefit payments on a tax-deferred basis.

  • For each Reinsured Plan without any Outside Reinsurance, the initial Amount Reinsured per life under this Agreement shall be equal to 50% of the first $60,000 of Specified Amount for a base policy or 50% of the first $60,000 of the Face Amount of any Other Insured Rider, subject to a maximum Amount Reinsured of $30,000 per life.

  • Home Best days: M T W TH FWork Best times: a.m. p.m.Initial death benefit:$ Plan of insurance: If UL (if neither is selected, Option A will be assigned):Option AOption BRiders: Waiver of Premium Other Insured Rider Other Not all riders are available with all products(Complete separate application for each Other Insured Rider)Mode of premium payment:Annual Semi-Annual Qtrly Pre-authorized CheckPlanned periodic premium:$ Life insurance in Force on Proposed Insured.Company Yr. of Plan Amount Acc.

  • D Other Insured Rider Beneficiary Information : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : :Use this section to designate one person as the primary beneficiary.

  • Plus FEP -F67801/F67802 -567503/567502 Other Insured Rider (OIR), Form No. and, if applicable: ULR2.01.5.84.

  • The Increasing Payout Option is also subject to the ratchet feature increases Other Insured Rider‌‌rovides low-cost renewable term OverviewThe Other Insured Rider (OIR) provides low-cost renewable term insurance on the primary insured or on an individual with a permitted relationship to the primary insured.

Related to Other Insured Rider

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Excess insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Insureds Premises Not An "Insured Location" "Bodily injury" or "property damage" arising out of a premises:

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

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

  • ' Compensation Insurance With respect to all operations performed, the Party shall carry workers’ compensation insurance in accordance with the laws of the State of Vermont. Vermont will accept an out-of-state employer's workers’ compensation coverage while operating in Vermont provided that the insurance carrier is licensed to write insurance in Vermont and an amendatory endorsement is added to the policy adding Vermont for coverage purposes. Otherwise, the party shall secure a Vermont workers’ compensation policy, if necessary to comply with Vermont law.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Additional Insureds has the meaning specified in Section 7.06(a) of the Indenture.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • 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.

  • R&W Insurer means AIG Specialty Insurance Company.

  • 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.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • Insured Persons means the person/s named in the Schedule to the Policy, who is/are Resident Indian/s and for whom the insurance is also proposed and appropriate premium paid.

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

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Self-insured retention means the individual own risk employer's or group self-insurance association's retained amount of risk under a specific excess insurance policy, before the liability is transferred to an insurance carrier.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • 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 Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;20