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.