Proposed Insured definition

Proposed Insured. Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment.
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Proposed Insured means an applicant who completes a statement of insurability.
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Proposed Insured means the person (or both persons in the case of an application for a survivorship contract) whose life will be insured if the application is approved.
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Examples of Proposed Insured in a sentence

  • Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment.

  • Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment.

  • The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide.

  • The Proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land.

  • A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure.

  • The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured.

  • The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the amendment or had Knowledge of the matter and did not notify the Company about it in writing.

  • All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties.

  • A Proposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration.

  • Signature of Proposed Insured Date Signature of Other Proposed Insured Date SignaturesSignature of Applicant/Owner (if other than Proposed Insured) DatePayment Method: Check ■ Electronic Transaction Authorization ■ Amount remitted/authorized $ I/We agree that I/We am/are not authorized to change or waive the terms of this Receipt and represent that I/We have not attempted to do so.


More Definitions of Proposed Insured

Proposed Insured means an individual who on whom an application for coverage is being made and for employer owned policies is listed on the Census.
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Proposed Insured means a Covered Person who completes a statement of insurability.
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Proposed Insured as used in this booklet, means a person who is entitled to exercise the Group Term Life to Whole Life Policy conversion privilege.
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Proposed Insured means any person named in an Enrollment Form for insurance.
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Related to Proposed Insured

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • authorised insurer means an insurer that holds an authorisation to carry on insurance business for the purposes of Directive 73/239/EEC or that is otherwise entitled to carry on non-life insurance business in the State;

  • Admitted insurer or "authorized insurer" means an insurer:

  • Named Insured means the person or organization named in Item 1 of the Declarations.

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

  • Nonadmitted insurer means an insurer not licensed to do an insurance business in this State.

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Insured means the Executive.

  • Controlled insurer means a licensed insurer that is either directly or indirectly

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • approved institution means an entity so named in a Certificate. From time to time the Fund may amend a previously delivered Certificate by delivering to the Transfer Agent a Certificate naming an additional entity or deleting any entity named in a previously delivered Certificate.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Company Insurance Policies has the meaning set forth in Section 3.14.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about the date of this Agreement and addressed to, and capable of being relied upon by, the Finance Parties.

  • Environmental Insurance Policy means, with respect to any Mortgage Loan or the related Mortgaged Property or REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgage Loan, Mortgaged Property or REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

  • Self-insurer means any duly qualified individual employer or group self-insurance association authorized by the Commission to self fund its workers' compensation obligations.