Default insurance definition

Default insurance means insurance insuring education loans, authority loans, or obligations against default.
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Default insurance means insurance insuring education loans, 858 authority loans or bonds against default;
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Default insurance means insurance insuring education loans, corporation loans, or
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Examples of Default insurance in a sentence

  • Default insurance" means insurance that insures authority loans or bonds against default.[PL 1991, c.

  • Default insurance" means insurance that insures authority loans or bonds made or issued under this chapter against default.[PL 2015, c.

  • Default insurance policies of which the Clearing House is the beneficiary for the purposes of Rule 1103(f) may be subject to limits on claims applicable in respect of particular time periods (each such period, a "Relevant Period").

  • Currently, AYII Credit Default insurance is being sold to agricultural producers in Kazakhstan without government subsidies.

  • Part 8.2 Default insurance fund The new part 8.2 default insurance fund is divided into eight separate divisions prescribing the operations of the DI fund.

  • AYII Credit Default insurance, a weather-risk, agricultural insurance product developed under this project, is also an example that market-based, actuarially priced agricultural insurance can sell in Kazakhstan.

  • The National Housing Finance Corporation has commenced with the necessary work to activate the Mortgage Default insurance programme.

  • The most important outcome of this project is that there is now an infrastructure for both the sales and claims of catastrophe insurance products, which is currently being used to sell the Agriculture Area Yield Index Insurance (AYII) Credit Default insurance product, an agricultural insurance policy created under this project.

  • Bond Insurance - Default insurance guaranteeing future debt service payments if the source of repayment falls short of the required payment to bond holders.

  • Thus, when the government ultimately develops and implements its new agriculture insurance scheme (which will subsidize a percent of the premiums for agricultural insurance products), the AYII Credit Default insurance product could easily fall within the government agricultural insurance scheme, if the government determines the product should be included.

Related to Default insurance

  • Default Interest means interest chargeable in terms of this Agreement to unpaid amounts or outstanding obligations which interest shall be calculated, from the due date until date of payment, on a daily balance and compounded monthly in arrear at an annual rate of two percent (2%) above the prevailing, variable prime rate publicly quoted by ABSA Bank Limited from time to time.

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

  • 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”)

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

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

  • Reimbursement insurance policy means a policy of insurance

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

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

  • 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.

  • Default Interest Period means for any overdue amount of the Withdrawn Loan Balance, each Interest Period during which such overdue amount remains unpaid; provided, however, that the first such Default Interest Period shall commence on the 31st day following the date on which such amount becomes overdue, and the final such Default Interest Period shall end on the date at which such amount is fully paid.”

  • Premium Rate has the meaning assigned to such term in the Premium Letter.