Period of Indemnity definition
Examples of Period of Indemnity in a sentence
In brief, the benefits under this insurance are payable upon the insolvency or a specified closure of the PEI (regulatory or otherwise) or the PEI’s failure to pay you a sum awarded by a specified court or tribunal in a judgment or award in your favour in an action between you and the PEI during the Period of Indemnity in relation to a dispute directly arising out of the tuition fee paid by you.
Judgment Sum This is a sum awarded by a court, arbitrator, tribunal or any adjudicator of competent jurisdiction of first instance in Singapore during the Period of Indemnity in favour of the Student and to be paid by a PEI in relation to a dispute between the Student and the PEI and directly arising out of or in relation to the Tuition Fee paid by the Student to the PEI including an order, award, declaration or decision obtained in default.
Period of Indemnity The period bound by the dates shown in the Certificate of Insurance, both dates inclusive.
Notwithstanding the termination of this Insurance by cancellation as aforesaid, any Certificate of Insurance issued prior to the termination of this Insurance shall continue to be in force and the cover on the relevant Student named in such Certificate of Insurance shall continue until the expiry of the Period of Indemnity stated in that certificate.
Student : xxxxxxxxxx Student Email Address: xxxxxxxxxx PEI: xxxxxxxxxx Course Title : xxxxxxxxxx Course Reference No: xxxxxxxxxx Course Duration: (For the duration of Fee Paid) From : dd/mm/yyyy To : dd/mm/yyyy (Both dates inclusive) Period of Indemnity : From : dd/mm/yyyy To : dd/mm/yyyy (Both dates inclusive) Limit of Indemnity: (Fee Paid) S$ xxxxxxxx Premium: S$ xxxxxxxx (Inclusive of GST) Insured Events: Please refer to the policy document for full details.