Policy processing day definition

Policy processing day means the day on which charges authorized in the policy are deducted from the policy’s cash value.
Sample 1Sample 2Sample 3
Policy processing day. The day in each calendar month which is the same day of the month as the Policy Date. The first Policy Processing Day is the Policy Date. POLICY YEAR. A year that starts on the Policy Date or on a Policy Anniversary. WE, OUR, US AND COMPANY. Provident Mutual Life Insurance Company, a Pennsylvania Corporation. YOU AND YOUR. The Owner of this Policy.
Sample 1Sample 2
Policy processing day means the day on which charges authorized in the policy are deducted from the policy's cash values.
Sample 1Sample 2

Examples of Policy processing day in a sentence

  • The notice will be sent to Your last post office address known to Us and will tell You the amount of the minimum required premium to avoid termination of Your Policy, payment instructions and the grace period end date and will be sent no earlier than, and within 30 days after, the Policy processing day on which the insufficiency occurred.


More Definitions of Policy processing day

Policy processing day. The day in each calendar month which is the same day of the month as the Policy Date. The first Policy Processing Day is the Policy Date. POLICY YEAR. A year that starts on the Policy Date or on a Policy Anniversary. WE, OUR, US AND COMPANY. Providentmutual Life and Annuity Company of America, A Stock Life Insurance Company and a Delaware Corporation.
Sample 1
Policy processing day means the day on which charges authorized in the policy are de- ducted from the policy's cash value.
Sample 1

Related to Policy processing day

  • Collection Period means, with respect to any Payment Date, the period commencing on the first day of the calendar month immediately preceding the month in which such Payment Date occurs (and, in the case of the first Collection Period, the period from (but excluding) the Cutoff Date) and ending on the last day of the calendar month immediately preceding the month in which such Payment Date occurs.

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Payment Business Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in Stockholm and Frankfurt am Main and on which the Clearing System settles payments in the Issue Currency.

  • Service Activation Date means the same as Activation Date.

  • Processing Fee means in relation to a Transaction Summary delivered:

  • Collection Date means the date on which the aggregate outstanding principal amount of the Advances have been repaid in full and all Interest and fees and all other Obligations (other than contingent indemnification and reimbursement obligations which are unknown, unmatured and/or for which no claim giving rise thereto has been asserted) have been paid in full, and the Borrower shall have no further right to request any additional Advances.

  • School business day means any calendar day except Saturdays, Sundays, and any federal and school holidays upon which the office of the Superintendent is open to the public for business. A school business day concludes or terminates upon the closure of the Superintendent’s office for the calendar day.