TIV definition
Examples of TIV in a sentence
The deductible shall not be greater than five percent (5%) of the Total Insured Value (TIV).
THE INTERESTS MAY NOT BE TRANSFERRED IN THE ABSENCE OF AN E FFEC TIV E REG ISTRA TIO N STATEM ENT UNDER TH E SECU RITIES ACT AND ANY A PPLICA BLE STATE SECU RITIES LAWS O R (UNLESS W AIVED BY THE FUND M ANAGER IN ITS SOLE D ISCRETIO N ) AN O PINION OF COUNSEL ACCEPTA BLE TO TH E FUND’S M ANAGER THAT SUCH REG ISTRA TIO N IS NOT REQUIRED.
Within 30 days following the expiration of this Contract, the Company shall furnish to the Reinsurer a statement of the TIV for the term of this Contract and calculate the reinsurance premium in accordance with paragraph A above.
The TIV will be comprised of the cost of the building (exclusive of costs of excavations, foundations, underground utilities and footings), contents, and a twelve (12) month BI value (business income).
The percentage calculated by dividing (a) the Company's actual Total Insured Value ("TIV") applicable to subject business on September 30, 2011, by (b) the Company's projected TIV applicable to subject business on September 30, 2011 of $12,700,604,122.
ADVICE OR INFORMATION GIVEN BY ▇▇▇▇▇▇▇, ITS REPRESENTA TIV ES OR ITS THIRD PARTY LICENSORS, PROVIDERS AND SUPPLIERS SHALL NOT CREATE A WARRANTY.
In the event that the Company’s TIV is greater than 105% of the TIV as of September 30, 2013, an additional premium shall be due and payable to the Reinsurer for the amount in excess of the deposit.
THE ARBITRATOR MAY ONLY AWARD INDIV IDUAL RELIEF AND SHALL NOT HAVE THE POWER TO DETERMINE OR PRESIDE OVER CLASS OR COLLEC TIV E ARBITRATION.
In the event that the Company’s TIV is within 5% of the TIV as of September 30, 2013, the deposit premium for each Excess Layer shall be the final premium hereunder.
For those who are not eligible for TIV funds, the institution will review the additional criteria to determine eligibility.