Definition of Policy or Policies

  1. Policy or Policies means an in force contract of title insurance written by a title insurer and reinsured by the Company prior to or during the Term. Notwithstanding anything herein to the contrary, all contracts of title insurance that pertain to one risk shall be deemed to be one Policy for the purposes of this Agreement.

Examples of Policy or Policies in a sentence

  1. If the Executive waives or forfeits his or her right to the Vested Insurance Benefit, the Corporation shall choose to cancel the Policy or Policies on the Executive, or may continue such coverage and become the direct beneficiary of the entire death proceeds.

Definition of Policy or Policies in Retrocession Agreement

Policy or Policies means an in force contract of title insurance written by a title insurer and reinsured by the Company prior to or during the Term. Notwithstanding anything herein to the contrary, all contracts of title insurance that pertain to one risk shall be deemed to be one Policy for the purposes of this Agreement.