Replacement of Insurance definition

Replacement of Insurance means a transaction involving the purchase of accident and/or sickness insurance where it is known or should be known to the agent or, in the case of direct response solicitation, to the insurer, that previously existing accident and/or sickness insurance has been or will be lapsed, canceled or otherwise terminated as a result of the transaction.

Examples of Replacement of Insurance in a sentence

  • Accurate potential curves based on the spectro- scopic data of Le Floch (1992) for the X state and Field et al.

  • For greater certainty, the Agent is a party to this Agreement for the purpose of acknowledging the terms of this Agreement and abiding thereby, and to ensure that it receives notice of any amendment to this Agreement or change in the Insurance Trustee under Section 5.1 [Replacement of Insurance Trustee] of this Agreement.

  • Notice of Replacement of Insurance of Persons Contract Date: Client’s initials: Autorité des marchés financiers – Notice of replacement of insurance of persons contract Page 1 of 8Notice No.: IMPORTANT MESSAGE FOR INSURANCE OF PERSONS REPRESENTATIVES You must encourage the client to maintain an insurance contract in effect, unless it is in the interests of the policyholder or the insured to replace the contract.

  • Replacement of Insurance The following provisions apply when this Policy is issued to replace insurance under another policy provided by the Insurer.

  • Replacement of Insurance Coverage:# Yes # No Will insurance, including annuities, in anycompany be discontinued or changed if the29.

  • A policy holder / certificate holder seeking to replace his existing policy / certificate must sign a Declaration Form on Replacement of Insurance Policy/ Takaful Certificate sent by Business Quality to ensure that an insurance / takaful agent has clearly explained to him the important consequences and potential advantages and disadvantages of replacing an existing policy / certificate.

  • Insurance replacement disclosure form The new Notice of Replacement of Insurance of Persons form can be used as of Oct.

  • A producer employed by Shalabi and Midwest Insurance’s producers failed to present an applicant and the replacing insurer with a “Notice Regarding Replacement of Insurance of Annuity” as required by Illinois insurance law.

  • Is this insurance intended to replace ANY dental insurance currently “in force?” Yes No If “Yes”, complete the following:Insurance Company Name: Policy No.:Effective Date: Termination Date:(Also, complete the Replacement of Insurance notice and submit it with your application.)2.

Related to Replacement of Insurance

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.

  • Assignment of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

  • Type of insurance means coverage afforded under the particular policy that is being placed.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

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

  • 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.

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

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

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

  • Blanket insurance policy means a group policy covering a defined class of

  • Evidence of Insurability means a statement of proof of your medical history upon which acceptance for insurance will be determined by Liberty.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • 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.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • 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.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Franchise insurance means an individual insurance policy provided through a

  • 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.

  • 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.

  • 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.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.