Policy in Force definition

Policy in Force means a policy for which all the due premia have been paid regularly and such policy has neither become ‘void’ nor ‘lapsed’ under any rule of Post Office Insurance Fund Rules.
Policy in Force means an insurance policy that is currently providing insurance coverage, as of the evaluation date, regardless of the number of vehicles insured by that insurance policy.

Examples of Policy in Force in a sentence

  • Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies That Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period.

  • Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies that Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period.

  • Years Policy in Force at Date of AccidentDaily Hospital BenefitLess than 1 year$1501 year but less than 2$2502 years but less than 3$3503 years or more$500INITIAL HOSPITALIZATION BENEFIT – After the first 24 hours of your hospital confinement as a result of accidental bodily injury, we will pay you a $1,000 lump sum benefit.

  • Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period.

  • Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies That Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period of More Than Five Years.

  • The Sponsor, by resolution of the Board of Directors, may terminate or partially terminate the Plan.

  • To put your Policy in Force, you must pay an amount of at least -- *the Unpaid Policy Charges at the end of the Grace Period; plus *any excess of the Policy Debt over the Cash Value at the end of the Grace Period; plus *three times the Monthly Cost of Insurance charges applicable at the date of reinstatement; plus *three times the Monthly Expense Charge.

  • Rates of pay for individual teachers who were on full-time or regular part-time status at both June 30, 2011 and June 30, 2012 increased on average 4.00%, compared to the expected average increase of 7.11%.

  • After the end of the juvenile period, gross premiums are level for the remainder of the premium paying period, and death benefits are level for the remainder of the life of the policy.(5) Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies That Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period.

  • ICA49 A35.10.p6 2017 Royal Commission in Misconduct in Banking et al, Natural Disasters Insurance Treasury prepared background paper 20 undated –50 Ibid51 A10.32 – ICA 2019 Mitigation and Policy in Force Analysis paper52 A34.11 – ICA 2015 submission Northern Australia Insurance Premiums Taskforce The Treasurymembers have provided ICA with address level policy data in Queensland for over 900,000individual home building and residential strata buildings.

Related to Policy in Force

  • Policy Grievance shall be signed by a xxxxxxx or a Union representative or, in the case of an Employer's policy grievance, by the Employer or its representative.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Business Travel Policy means our business travel policy. A copy of our current Business Travel Policy is attached as Schedule 1 to Exhibit B.

  • 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.

  • Policy means Related Party Transaction Policy.

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

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Policy Owner means the owner named in the policy or the certificate holder in the case of a group policy.

  • Policy Term means the term of this Policy as specified in the Schedule;

  • Policy or This Policy means, “Nomination and Remuneration Policy.”

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Policy summary means a synopsis describing the elements of a life insurance policy.

  • Policy form means the form on which the policy is delivered or issued for delivery by the issuer.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Workplace violence means any incident in which an employee is abused, threatened or assaulted during the course of his or her employment, and includes but is not limited to all forms of harassment, bullying, intimidation and intrusive behaviours of a physical or emotional nature.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

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

  • Insurance Affordability Program means a program that is one of the following:

  • Sexual violence means any sexual act or act targeting a person’s sexuality, gender identity or gender expression, whether the act is physical or psychological in nature, that is committed, threatened or attempted against a person without the person’s consent. It includes sexual assault, sexual harassment, stalking, indecent exposure, voyeurism and sexual exploitation. For further clarity, sexual assault includes rape.

  • Imminent safety hazard means an imminent and unreasonable risk of death or severe personal injury.

  • 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.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • 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.

  • Policy Effective Date means the commencement date of these Terms and Benefits which is specified as "Policy Effective Date" in the Policy Schedule.