Conversion policy definition

Conversion policy means a policy providing coverage under the conversion provisions required in Chapter 22, Part 7, Group Accident and Health Insurance.
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Conversion policy means a policy providing coverage under the conversion
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Conversion policy means a policy providing coverage under the conversion provisions required in Title 31A, Chapter 22, Part VII, Group [Disability] Accident and Health Insurance.
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Examples of Conversion policy in a sentence

  • The Company shall be responsible for the payment of any Conversion Policy premiums and/or Individual Policy premiums for the Comparable Coverage which payment shall not exceed the cost of premiums for medical and dental coverage for then active employees.

  • For the purposes of this Section 5.4, Currency Conversion Policy means Medimmune’s currency conversion policy as of the Effective Date of this Agreement, which is the booking rate for the current month calculated from the average spot rate for [***] of the last [***] Business Days of the previous month, as such spot rate is taken from Reuters as at 08.30 a.m. GMT on each day.

  • Within two (2) Business Days following the Company’s determination of eligibility and submission to the Administrator of a verified application in connection with the issuance of a Conversion Policy, the Administrator (x) shall issue the Conversion Policy on behalf of the Company to the Insured thereunder and (y) shall provide to the Company a report, in a form to be agreed between the Company and the Administrator, in connection with the issuance of the Conversion Policy.

  • The Parties may revise the Currency Conversion Policy by mutual written agreement.

  • Each payment of royalties due to AstraZeneca shall be accompanied by a statement specifying the amount of Net Sales and deductions taken to arrive at Net Sales attributable to each Product in each country the Territory during the applicable Calendar Quarter (including such amounts expressed in local currency and as converted to United States Dollars using the Currency Conversion Policy and a calculation of the amount of royalty payment due on such Net Sales for such Calendar Quarter.

  • For the purpose of calculating any sums due under, or otherwise reimbursable pursuant to, this Agreement (including the calculation of Net Sales expressed in currencies other than Dollars), Licensee shall use the Currency Conversion Policy.

  • Such Conversion Policy shall be issued on the applicable SLNY policy form identified in Schedule A hereto and otherwise upon the terms applicable thereto under the provisions of the relevant Eligible Group Contract.

  • As part of the development of the New Conversion Policy Form in accordance with the provisions of the Administrative Services Agreement, the Parties will agree on an appropriate expense allowance to compensate the Company for providing such administration, which expense allowance shall comply with 210 Nebraska Administrative Code Chapter 57, Section 004.01(a).

  • If this Policy has been issued as a Conversion Policy from another policy issued by the Company, then the Suicide provision is measured from the original policy’s issue date.

  • Subject to and in accordance with applicable law, SLNY shall, not later than 30 days following delivery by SLHIC to SLNY of a completed application for issuance of a policy of individual life insurance pursuant to the conversion rights under an Eligible Group Contract (a “Conversion Policy”), issue such a Conversion Policy to any person identified in such application who is (a) a resident of New York within the meaning of N.Y. Ins.


More Definitions of Conversion policy

Conversion policy or "Conversion Contract") shall mean (i) such MONY life insurance and/or annuity contracts as MONY is obligated to make available to such owners and (ii) such other life insurance and/or annuity contracts issued by MONY and/or any of its affiliated insurance companies. The Wholesale Servicer shall have the exclusive right to distribute Conversion Policies and Contracts to the Brokers-of-Record and each Broker-of-Record shall have the exclusive right offer to sell Conversion Policies and Contracts to its customers who are the owners of the MONY Policies and Contracts. The MONY Parties shall not offer Conversion Policies and Contracts directly to the owners of the MONY Policies and Contracts or authorize, permit or pay compensation or other sums to any other retail or wholesale insurance agent, insurance agency and/or broker/dealer in connection with the sale of Conversion Policies and Contracts to the owners of the MONY Policies and Contracts. The Wholesale Servicer will provide wholesale level services, including payment of compensation, with respect to all Conversion Policies and Contracts sold to the owners of the MONY Policies and Contracts in accordance with the terms and conditions of this Agreement (and the term "MONY Policies and Contracts" shall include Conversion Policies and Contracts for such purposes), and the Brokers-of-Record will be permitted to continue to service the Conversion Policies and Contracts pursuant to the In-Force Retail Sales Agreement. The MONY Parties will pay first year and renewal compensation to the Wholesale Servicer on all Conversion Policies and Contracts sold to owners of MONY Policies and Contracts that is consistent with the commission paid by the MONY Parties in accordance with their then-current practice, provided that, in the case of Conversion Policies and Contracts issued by an affiliated insurance company of MONY, the Wholesale Servicer shall receive from such affiliated insurance company compensation consistent with the commission paid by such affiliated insurance company of MONY in accordance with its then-current practice and the Wholesale Servicer shall enter into selling agreement with such affiliated insurance company providing protections to such affiliated insurance company that will issue the Conversion Policy or Contract substantially similar to the protections provided to MONY hereunder; provided that such selling agreement shall also include obligations of such affiliated insurance company substanti...
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Related to Conversion policy

  • Cancellation Policy Day tour cancellations are accepted by phone, mail, or email to xxxxxxx.xxxxxxxxxx@xxxxxxx.xxx. Refunds will be provided within 30 days from the date of cancellation. The following cancellation penalties apply: Cancellation Penalty* 30 days or more before departure $10 processing fee + non-refundable show ticket cost (if applicable) 29 to 14 days before departure $40 + non-refundable show ticket cost (if applicable) 13 to 1 day before departure or “no shows” 100% of tour price (no refund) *Exceptions: In the event a travel provides his or her own replacement or a replacement traveler can be found, travelers will only be charged a $10.00 processing fee Cancellations for emergency medical reasons (accompanied by a doctor’s note) will be reviewed and exceptions are possible on a case-by-case basis. Bus America will always work with our vendors and passengers to maximize refunds in the case of unexpected medical emergencies. Responsibilities: Bus America reserves the right to make changes to a tour date or a tour itinerary due to unforeseen circumstances. Bus America, an operational division of Group Tours, Inc., acts as an agent in making and securing arrangements for group transportation, accommodations, meals, and activities. Bus America does not own, manage, control, or operate any vehicle, hotel, restaurant, or any other supplier of services. By accepting the program, you agree that neither Bus America nor any of their representatives shall be liable for any loss, injury, or damage to you or your belongings or in connection with any accommodations, transportation, or other services resulting directly or indirectly from any occurrences beyond their control.

  • Collection Policy means the collection policies of the Seller/Servicer, which are the practices and procedures employed in the servicing of Receivables as of the Closing Date, as described in Exhibit E hereto.

  • Valuation Policy has the meaning assigned to such term in Section 5.12(b)(ii)(B).

  • Write-Down and Conversion Powers means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

  • Conversion Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Allocation Policy means the allocation policy of the Company adopted by the Managing Member in accordance with Section 5.1.

  • Conversion Schedule means the Conversion Schedule in the form of Schedule 1 attached hereto.

  • Order Execution Policy We shall use our reasonable endeavours to execute any Order promptly, but in accepting your Orders we do not represent or warrant that it will be possible to execute such Order or that execution will be possible according to your Instructions. In general, we shall act according to instructions as soon as practically possible and shall, as far as trading Instructions are concerned, act in accordance with our Order Execution Policy. If, after instructions are received, we believe that it is not reasonably practicable to act upon such instructions within a reasonable time, we may defer acting upon those Instructions until it is, in our reasonable opinion, practicable to do so, or we may notify you that we are refusing to act upon such Instructions. We shall not be liable for any losses resulting from such deferral or refusal. If we encounter any material difficulty relevant to the proper carrying out of an Order on your behalf we shall notify you promptly. We shall carry out an Order on your behalf only when the relevant Market is open for dealings, and we shall deal with any Instructions received outside Market hours as soon as possible when that relevant Market is next open for business (in accordance with the rules of that Market). You agree that we may execute an Order on your behalf outside a Market. When you give us a specific Instruction, our Order Execution Policy may not apply, and we may be unable to take the steps described in such policy to obtain the best possible result in executing your Order. You confirm that you have read and agree to our Order Execution Policy as published from time to time on our Online Trading Facility. We will notify you of any material changes to our Order Execution Policy, but it is your responsibility to check for any other changes to our Order Execution Policy as published from time to time on our Online Trading Facility. We will consider the continued placement of Orders by you to constitute your continued consent to our Order Execution Policy as in effect from time to time.

  • Best Execution Policy means the Company’s prevailing policy available at our website regarding best execution when executing client orders.

  • Credit and Collection Policy means the Originators’ credit and collection policies and practices relating to Contracts and Receivables existing on the date hereof and summarized in Exhibit VII hereto, as modified from time to time in accordance with this Agreement.

  • Trading Policy means the Company’s policy permitting certain individuals to sell Company shares only during certain “window” periods and/or otherwise restricts the ability of certain individuals to transfer or encumber Company shares, as in effect from time to time.

  • Underwriting Policy means an underwriting policy approved by Our board of directors;

  • Credit Policy means the “New Jersey Infrastructure Bank Credit Policy,” as adopted by the Board of Directors of the I-Bank and as further amended and supplemented from time to time.

  • Forced Conversion has the meaning set forth in Section 4.05(c) hereof.

  • Credit and Collection Policies or “Credit and Collection Policy” means the policies, practices and procedures adopted by the Issuer on the Closing Date, including the policies and procedures for determining the creditworthiness of Obligors and the extension of credit to Obligors, or relating to the maintenance of those types of receivables and the related equipment and collections on those types of receivables and the related equipment.

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • Underwriting Guidelines The underwriting guidelines of the Seller, a copy of which is attached as an exhibit to the related Assignment and Conveyance.

  • Insider Trading Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Medicare supplement policy means a group or individual policy of [accident and sickness] insurance or a subscriber contract [of hospital and medical service associations or health maintenance organizations], other than a policy issued pursuant to a contract under Section 1876 of the federal Social Security Act (42 U.S.C. Section 1395 et. seq.) or an issued policy under a demonstration project specified in 42 U.S.C. § 1395ss(g)(1), which is advertised, marketed or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare. “Medicare supplement policy” does not include Medicare Advantage plans established under Medicare Part C, Outpatient Prescription Drug plans established under Medicare Part D, or any Health Care Prepayment Plan (HCPP) that provides benefits pursuant to an agreement under §1833(a)(1)(A) of the Social Security Act.

  • Investment Guidelines means the investment guidelines approved by the Board, a copy of which is attached hereto as Exhibit A, as the same may be amended, restated, modified, supplemented or waived pursuant to the approval of a majority of the entire Board (which must include a majority of the Independent Directors).

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as 90% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the twenty (20) consecutive Trading Days immediately following the applicable Installment Date (each such period, a "Company Conversion Measuring Period"). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction that proportionately decreases or increases the Common Stock the applicable such Company Conversion Measuring Period.

  • Investment Policy means the investment policy from time to time determined by the Commission under the Rules;

  • Local Exchange Routing Guide (LERG means the iconectiv Reference document used by Telecommunications Carriers to identify NPA-NXX routing and homing information as well as Network element and equipment designations.