PLIC definition

PLIC is defined in the introductory paragraph hereof.

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PLIC means Primerica Life Insurance Company.

PLIC shall have the meaning set forth in the recitals hereto.

Examples of PLIC in a sentence

• In providing services with respect to this Agreement, the Provider agrees that any and all personal contact or communication, both oral and written, with PLIC’s policyholders, insureds, beneficiaries and applicants will be done in the name of and on behalf of PLIC.

• In performing claim services for PLIC pursuant to this Agreement the Provider shall obtain and maintain all necessary licenses and permits required in order to comply with applicable laws and regulations, including an Independent Adjuster’s License, if necessary.

• The services to be performed hereunder pertain to and include certain functions customarily reposited in and performed by the employees and/or officers of PLIC, but at all times the ultimate supervision and control of such functions shall remain with and reside in the respective official or officials of PLIC responsible for any such functions.

• To the extent that PLIC issues new business, any underwriting functions and services that are performed for or provided to PLIC by a Provider pursuant to this Agreement, it is understood that (i) the Provider shall perform such services in accordance with underwriting guidelines and procedures established by PLIC from time to time and communicated in writing to the Provider by PLIC, (ii) and PLIC shall retain all final underwriting authority.

• In performing any services hereunder, Provider shall at all times act in a manner reasonably calculated to be in or not opposed to the best interests of PLIC.

• All final claims decisions will be based upon guidelines and procedures established and approved by PLIC from time to time and communicated in writing to the Provider by PLIC, and PLIC retains final approval authority on all claim payments.

• Nassau Re and PNX desire to perform the services set forth herein and PLIC agrees to grant full authority to Nassau Re and PNX to accomplish, effect and execute such services, subject to the limitations, conditions and restrictions contained herein.

• Both the Provider and the Recipient shall maintain its own records in such a way as to disclose clearly and accurately the nature and detail of the transactions between them, including such accounting information as is necessary to support the reasonableness of the charges hereunder and such additional information as PLIC may reasonably request for purposes of its internal bookkeeping and accounting operations.

• No waiver by PLIC, PL&A or PSD of any breach of this Agreement shall be deemed a waiver of any other prior or subsequent breach.

• PLIC and/or PL&A and PSD have entered into the “PACIFIC LIFE INSURANCE COMPANY and PACIFIC LIFE & ANNUITY COMPANY INSURANCE PRODUCTS SELLING AND SERVICING AGREEMENT” (hereinafter referred to as “Selling Agreement”) with the broker/dealers that are authorized to sell the Contracts (“Broker/Dealers”), and such Selling Agreements identify the Contracts to be distributed.

More Definitions of PLIC

PLIC means Premier Lifestyles International Corporation and any and all divisions and subsidiaries of which PLIC and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ own more than 50%, or entities that PLIC or ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ control through the Board of Directors or as officers of the company. It is understood that ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ is free to join the board of directors of any entity he chooses and his presence does not constitute control. If ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ is the Chairman of the Board or the CEO of the entity in question, this would constitute control.

PLIC has the meaning set forth in the preamble. “Policyholder” means a policyholder of a Reinsured Contract. “Privacy and Data Security Laws” means all applicable laws and regulations relating to the protection or processing of Personal Information (including NPI), including the Fair Credit Reporting Act, 15 U.S.C. 1681 et seq. (including the Fair and Accurate Credit Transactions Act of 2003), the ▇▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇ Act, 15 U.S.C. 6801 et seq., and all laws pertaining to sales, marketing, and electronic communications, including the CAN-SPAM Act, the Telephone Consumer Protection Act, and the Telemarketing Sales Rule, and in each case, the rules and regulations implemented thereunder, including those promulgated by regulatory authorities or bodies with jurisdiction over the Administrator or the Recipient and pursuant to insurance licensing requirements under state laws and regulations. “Purchase Agreement” has the meaning set forth in the first recital hereof. “Purchase Agreement Closing Date” has the meaning ascribed to the term “Closing Date” in the Purchase Agreement. “Receiving Party” has the meaning set forth in Section 9.2. “Recipient” has the meaning set forth in the preamble hereof. “Recipient Indemnitee” has the meaning set forth in Section 12.1(b). “Reinsured Contracts” has the meaning set forth in the Reinsurance Agreement.

PLIC means Pennsylvania Life Insurance Company;

PLIC means Phoenix Home Life Mutual Insurance Company, a New York mutual insurance company, to be known as Phoenix Life Insurance Company and to become a New York stock insurance company following the Demutualization.

PLIC has the meaning set forth in the preamble of this Agreement.

PLIC means Pioneer Life Insurance Company.