TICL coverage definition

TICL coverage means the coverage for an insurer's
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TICL coverage means the coverage for an insurer’s
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TICL coverage means the coverage for an insurer's 939 losses above the insurer's statutorily determined claims-paying 940 capacity based on the claims-paying limit in subparagraph
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Examples of TICL coverage in a sentence

  • The TICL coverage selected is irrevocable and shall not overlap or duplicate coverage otherwise provided for in the Reimbursement Contract, or any Addenda to the Reimbursement Contract, or offset any co-payments or retention amounts.

  • If your Company does not want to purchase any TICL coverage, print “No Coverage” on the line below and initial the box.

  • The TICL coverage shall be in addition to all other coverage provided by the FHCF under the Company’s Reimbursement Contract or other Addenda to the Reimbursement Contract, and shall be in addition to the claims-paying capacity of the FHCF as defined in Section 215.555(4)(c)1., Florida Statutes, but only with respect to those insurers that select the TICL coverage.

  • In order to determine the Company’s total limit of coverage, the Company’s TICL coverage multiple is added to its regular Payout Multiple under the Reimbursement Contract.

  • Due to the Legislature’s intention to price the TEACO coverage at market rates, the price was not considered a “bargain” by insurers unlike the TICL coverage.

  • The Addenda was made necessary by CS/CS/CS/HB 1495, which became law on May 27, 2009, which required a 5% cash build up factor be added to the FHCF Premium Formula, made changes to the Temporary Increase in Coverage Limit Options (TICL) coverage options and made changes to the price for the TICL coverage.

  • A detailed summary of TICL coverage and premium options can be found in Exhibit XVII.

  • TICL coverage was priced on the same basis of the FHCF’s mandatory coverage, which does not have the high risk loads necessary to attract capital as in private reinsurance pricing.

  • The optional coverage above was known as the Temporary Increase in Coverage Limit (TICL) coverage, which allowed insurers to select their FHCF premium share of a $12 billion limit or increments of $1 billion thereof to expand their FHCF coverage limit.

  • Clearly, this is not something the residents will “get used to” over time, as suggested by County staff.


More Definitions of TICL coverage

TICL coverage means the coverage for an insurer’s losses above the insurer’s statutorily determined claims-paying capacity based on the claims- paying limit in subparagraph (4)(c)1., which an insurer selects as its tempo- rary increase in coverage from the fund under the TICL options selected. A TICL insurer’s increased coverage limit options shall be calculated as fol- lows:
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Related to TICL coverage

  • Coverage means the types of persons to be eligible as the beneficiaries of the Scheme to health services provided under the Scheme, subject to the terms, conditions and limitations.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Continuation Coverage means coverage under a COBRA continuation provision or a similar state program. Coverage provided by a plan that is subject to a COBRA continuation provision or similar state program, but that does not satisfy all the requirements of that provision or program, will be deemed to be continuation coverage if it allows an individual to elect to continue coverage for a period of at least 18 months. Continuation coverage does not include coverage under a conversion policy required to be offered to an individual upon exhaustion of continuation coverage, nor does it include continuation coverage under the Federal Employees Health Benefits Program.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

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

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Health care coverage means any plan providing hospital, medical or surgical care coverage for

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

  • Claims-made coverage means an insurance contract or provision limiting

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Group health insurance coverage means in connection with a group health plan, health insurance