Examples of Policy Year in a sentence
Our total liability of each Pet for each Policy Year is shown in the Maximum Allowable Limits.
If the Committee shall so determine then the two or more closed Policy Years concerned shall for all purposes be treated as though they constituted a single closed Policy Year.
Rules of Class 1 (2) The Committee or the Managers may at any time take any necessary steps to enable such persons to become aware of their financial commitments for the relevant Policy Year by indicating an estimate of the percentage of any Supplementary Call or Calls to be levied.
The Committee may determine that any Policy Year is closed in respect of Supplementary Calls notwithstanding that it is known or anticipated that there are in existence or may in the future arise claims, reinsurance premiums, expenses or outgoings in respect of such Policy Year (apart from Overspill Claims) which have not yet accrued or whose validity, extent or amount have yet to be established.
Rules of Class 1 If before the end of any Policy Year these Rules shall have been altered in any respect which affects the terms and conditions of the contract of insurance between a Member and the Association, then such alteration shall be binding upon the Member and for all purposes take effect as from the commencement of the next Policy Year.