Policy Year definition

Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

Policy Year means a period of 12 (Twelve) months commencing from the Date of Commencement of Risk and every Policy Anniversary thereafter;

Policy Year means the year commencing on the Policy Commencement Date or a Policy Anniversary thereof.

Examples of Policy Year in a sentence

• Changes to the Schedule of Insurance for each Policy Year after the first shall be indicated in a written notice sent to the Insured and shall be effective on the date stated in such notice.

• Carrier may not adjust Individual Product Line rates during a Policy Year.

• Alliant agrees to make an Aggregate Accommodation payment to the Insured at any time during the Policy Year when the Eligible Claims Expenses paid from the first day of the Policy Year, in the aggregate, exceeds (i) the estimated Aggregate Stop Loss Amount per month accumulated since the first day of the Policy Year, less (ii) any Aggregate Accommodation payments previously paid and not repaid.

• If the Policy terminates before the end of the Policy Year, the Insured must immediately repay to Alliant all Aggregate Accommodation payments made to the Insured, less any amount the Insured has already repaid, within 30 days from the date the Policy terminates.

• Within 180 days following the end of each Policy Year, Alliant will prepare and submit to the Insured a financial accounting as to the total premium for that Policy Year.

More Definitions of Policy Year

Policy Year means a period of 12 consecutive months starting from the date of commencement of the Policy as stated in the Policy Schedule and ending on the day immediately preceding the following anniversary date and each subsequent period of 12 consecutive months thereafter

Policy Year means a period of 12 consecutive calendar months from the Policy Commencement Date and every subsequent Policy Anniversary, thereafter.

Policy Year means the period of time these Terms and Benefits are in force.

Policy Year means every annual period within the Policy Period starting with the commencement date.

Policy Year means a period of 12 consecutive months commencing from the Date of Commencement of the Policy and every period of 12 consecutive months thereafter.

Policy Year means the period of one year commencing on the date of commencement specified in the Policy Schedule or any anniversary thereof.

Policy Year means a year following the Commencement Date and its subsequent annual anniversary.