Policy inception definition
Examples of Policy inception in a sentence
Policy inception and expiration dates must also be concurrent with the inception and expiration dates of the primary underlying liability policies.
This Application must be signed and dated by a principal of the proposed named insured within 60 days of the proposed Policy inception date.
For Group Critical Illness Claims, if Lump sum Pay out is opted at the time of Policy inception then full Sum Insured will be paid at one time and the claim will be settled.
All coverage rates and premiums assessed at Policy inception are to be fixed for the full Policy period.
If the limit set forth in ITEM 1 of the Crime Declarations for Insuring Agreement A.3 (ERISA Plan Coverage) no longer complies with the minimum amount of coverage required for such ERISA Plan(s) under ERISA (other than noncompliance due to investment in non-assets), the Underwriter agrees to increase the limit applicable to each such ERISA Plan so as to equal the minimum amount of coverage required under ERISA, provided the original limit was in compliance at Policy inception.
Period of Insurance 12 Months encompassing the time between the exact hour and date of Policy inception and the hour and date of Policy expiration or until cancelled.
All coverage premiums assessed at Policy inception are to be fixed for the full Policy period.
After Contract award, the Contractor must provide the Department an original and complete copy of the Insurance Policy, including declarations, insuring agreements, conditions, exclusions, schedule of coverage, and all necessary endorsements at Policy inception, or an insurance binder until such Insurance Policy is received.
Customer must maintain a financial condition satisfactory to Hartford and shall provide Hartford with a financial statement every quarter after Policy inception.
The first adjustment of Security is scheduled at twelve (12) months after Policy inception.