Thorough Search definition

Thorough Search means the minimum Company efforts to locate and contact the Beneficiaries of a Life Insurance Policy, Retained Asset Account, or Annuity Contract after receiving a Date of Death Notice that indicates that the Company's Insured, Accountholder, Annuity Contract Owner (for products where death of such Annuity Contract owner would trigger a death benefit) or annuitant has been reported to be dead. The Company may utilize any methodology to locate a Beneficiary that can be demonstrated by the Company to provide equivalent or better results than the Thorough Search. A Thorough Search will be deemed completed the earlier of when (1) a Beneficiary has been located, or (2) the following steps, at a minimum, have been performed:
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Thorough Search means the minimum Company efforts to identify, locate and contact the Beneficiaries of a Policy, Retained Asset Account, or Annuity Contract after receiving a Date of Death Notice that indicates that the Policyholder has been reported as dead. A Thorough Search shall include any methodology believed likely to locate a Beneficiary and, at a minimum:
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Thorough Search means good faith efforts to identify a
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Examples of Thorough Search in a sentence

  • In any event, the Thorough Search shall be completed within one (1) year from the Date of Death Notice and subject to the provisions of Section 2(b).

  • Upon completion of each quarterly match, the Company shall commence a Thorough Search as promptly as practicable.

  • The Company will establish processes to implement the Thorough Search requirements of paragraph 2.(i),(ii) and (iii) of this Agreement, including processes to obtain acknowledgement by Retained Asset Accountholders of their ownership of a Retained Asset Account with respect to which no non-automatic financial or administrative transaction has occurred, by no later than December 31,2014.

  • The obligation to conduct a Thorough Search under the terms of this Agreement shall not abrogate the right of the Company to complete any due diligence within the timeframe required by any applicable law.

  • If (i) the Beneficiary cannot be located by a Thorough Search and (ii) the Company is unable to establish an Exception, it shall report and remit the Proceeds as Unclaimed Property to the affected jurisdiction(s) in accordance with applicable Unclaimed Property Laws.

  • Result: RiverSource provided responses and documentation confirming timely implementation and maintenance of procedures and comparison criteria to meet the requirements of paragraph 2.a. 2.b. Requirement: If the Company is not contacted by a Beneficiary within one hundred twenty (120) days from its receipt of the Date of Death Notice, the Company shall promptly commence a Thorough Search, which shall be completed within one (1) year from the Date of Death Notice.

  • The Company will establish processes to implement the Thorough Search requirements of paragraph 2.i(ii) and (iii) of this Agreement, including processes to obtain acknowledgement by Retained Asset Accountholders of their ownership of a Retained Asset Account with respect to which no non-automatic financial or administrative transaction has occurred, by no later than December 31, 2013.

  • Paragraph 2.i. further requires the Company to perform a Thorough Search for the Owner if the notice letters are returned as undeliverable, disallows extending the Maturity Date in the absence of affirmative request by the Owner, and provides for the reporting and remitting as Unclaimed Property proceeds where the Owner cannot be located by Thorough Search or where annuity payments are not deposited within one year.

  • Result: RiverSource implemented and maintained procedures for providing necessary claims forms and instructions to Beneficiaries located by a Thorough Search as required in paragraph 2.e. 2.f. Requirement: The Company shall modify policies and procedures for conducting a Thorough Search in a manner consistent with this Agreement.

  • The Company shall conduct a Thorough Search for group life insurance policies, including group life insurance certificates issued thereunder, where a group life insurance claim is received for which the Company, from information in its administrative systems and/or the group policy claim form, is able to determine that a benefit is due and is able to determine the benefit amount, but the beneficiary cannot be identified and/or located.


More Definitions of Thorough Search

Thorough Search means reasonable and good faith efforts, which an insurer shall document, to identify a beneficiary, determine a current address for the beneficiary and contact the beneficiary.
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Thorough Search means good faith efforts to identify a Beneficiary, determine a current address for the Beneficiary, and contact the Beneficiary. At a minimum, a Thorough Search shall include: (i) attempting to identify and obtain contact information for Beneficiaries by searching all Insurer Records, online search and locator tools, and other sources including without limitation records of agents or producers appointed by the insurer and associated with the Policy, death certificates and funeral home records; (ii) at least 2 attempts to contact the
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Related to Thorough Search

  • Urgent Works means any urgent measures, which in the opinion of the Engineer-in-charge become necessary during the progress of the work to obviate any risk of accident or failure or which become necessary for security.

  • Digital audio-visual works which means a series of related images which, when shown in succession, impart an impression of motion, together with accompanying sounds, if any;

  • The Works/Project means the works to be executed or done under this contract.

  • Spectrum Compatibility means the capability of two (2) copper loop transmission system technologies to coexist in the same cable without service degradation and to operate satisfactorily in the presence of cross talk noise from each other. Spectrum compatibility is defined on a per twisted pair basis for specific well-defined transmission systems. For the purposes of issues regarding Spectrum Compatibility, service degradation means the failure to meet the Bit Error Ratio (BER) and Signal-to-Noise Ratio (SNR) margin requirements defined for the specific transmission system for all Loop lengths, model Loops, or loss values within the requirements for the specific transmission system.

  • Generation Operations Center means the location of Buyer’s real-time operations personnel.

  • Digital audio-visual work means a series of related images which, when shown in succession, imparts an impression of motion, together with accompanying sounds, if any.

  • Data Center(s) means the site or sites at which the Software will be hosted to provide the Authorized Services to Customers. Such site or sites shall at all times be owned or controlled by the Provider.

  • Digital audio works which means works that result from the fixation of a series of musical, spoken, or other sounds, including ringtones; and

  • Strip search means having a person remove or arrange some or all of his or her clothing so as to permit an inspection of the genitals, buttocks, anus, or undergarments of the person or breasts of a female person.

  • Dog means either sex.

  • Development Works means the external development works and internal development works on immovable property;

  • Data Center means the location where the production instance of the Cloud Service is hosted for the Customer in its region, as published at: xxxx://xxx.xxx.xxx/corporate-en/about/our- company/policies/data-privacy-and-security/location-of-data-center.html or notified to Customer or otherwise agreed in an Order Form.

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  • Provisioning center means a licensee that is a commercial entity located in Michigan that purchases marihuana from a grower or processor and sells, supplies, or provides marihuana to registered qualifying patients, directly or through the patients' registered primary caregivers. Provisioning center includes any commercial property where marihuana is sold at retail to registered qualifying patients or registered primary caregivers. A noncommercial location used by a primary caregiver to assist a qualifying patient connected to the caregiver in accordance with the Michigan Medical Marihuana Act, MCL 333.26421 et seq., is not a provisioning center for purposes of this article.

  • Assistive technology service means any service that directly assists a child with a disability in the selection, acquisition, or use of an assistive technology device. The term includes:

  • Current significant investigative information means investigative information that a licensing board, after an inquiry or investigation that includes notification and an opportunity for the audiologist or speech-language pathologist to respond, if required by state law, has reason to believe is not groundless and, if proved true, would indicate more than a minor infraction.

  • Games means games of chance.

  • Reception center means a business that:

  • Walked means when an Attendee with a confirmed reservation is denied a room for any reason.

  • Signal means any transmission of radio frequency energy or of optical information.

  • Shoulder means that part of a highway between the portion regularly traveled by vehicular traffic

  • Seaplane means an aeroplane capable normally of taking off from and alighting solely on water;

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Directory Assistance Database shall have the meaning set forth in Sections 10.5.2.2, 10.5.2.8, and 10.5.2.9.

  • Firefighter means any regular, paid or volunteer, member of a lawfully constituted fire department of a municipal corporation, township, fire district, or village.

  • compatibility means compatibility as defined in point (10) of Article 2 of Directive (EU) 2019/770;