Fully insured definition

Fully insured means that 100 percent of the deposit amount is covered by an effective deposit insurance scheme. Deposit balances up to the deposit insurance limit can be treated as “fully insured”. However, any amount in excess of the deposit insurance limit is to be treated as ‘less stable’. For example, if a depositor has a deposit of BD 150,000 that is covered by a deposit insurance scheme, which has a limit of BD 100,000, where the depositor would receive at least BD 100,000 from the deposit insurance scheme if the bank were unable to pay, then BD 100,000 would be

Fully insured in paragraph 1 of this Rule means insured at such insured value as in the discretion of the Board represents the full market value of the insured vessel, disregarding any charter or other engagement to which she may be committed.

Fully insured in this Rule means insured at such insured value as the Committee determines represents the market value of the insured vessel, disregarding any charter or other engagement to which she may be committed.

Examples of Fully insured in a sentence

• Fully insured brokered deposits are brokered deposits that are issued in denominations of $100,000 or less or that are issued in denominations greater than $100,000 and participated out by the deposit broker in shares of $100,000 or less.

• See the instructions to the Form 5500 in Section 4: Direct Filing Entity (DFE) Filing Requirements.Exceptions: (1) Fully insured, unfunded, or a combination of unfunded/insured welfare plans and fully insured pension plans that meet the requirements of 29 CFR 2520.104-44 are exempt from completing the Schedule H.

• Fully insured brokered deposits are brokered deposits (including brokered deposits that represent retirement deposit accounts as defined in Schedule RC-O, Memorandum item 1) with balances of$250,000 or less or with balances of more than $250,000 that have been participated out by the deposit broker in shares of $250,000 or less.

• Fully insured and capable of providing valid certificate of insurance for term of contract in accordance with KCATA’s terms and conditions.

• Fully insured health plans should use the amount of total premiums that they paid for health insurance benefits during the plan’s last full fiscal year.

More Definitions of Fully insured

Fully insured means that the insurance coverage on the vehicle is at least $500,000 single limit liability, $500,000 uninsured motorist coverage and $500,000 underinsured motorist coverage.

Fully insured means that 100% of the deposit amount, up to the deposit insurance limit, is covered by an effective deposit insurance scheme. Deposit balances up to the deposit insurance limit can be treated as “fully insured” even if a depositor has a balance in excess of the deposit insurance limit. However, any amount in excess of the deposit insurance limit is to be treated as “less stable”. For example, if a depositor has a deposit of $150 that is covered by a deposit insurance scheme, which has a limit of $100, where the depositor would receive at least $100 from the deposit insurance scheme if the financial institution were unable to pay, then $100 would be considered “fully insured” and treated as stable deposits while $50 would be treated as less stable deposits. However if the deposit insurance scheme only covered a percentage of the funds from the first currency unit (e.g. 90% of the deposit amount up to a limit of $100) then the entire $150 deposit would be less stable.

Fully insured means that for the health care benefits or coverage provided or offered by or through a multiple employer welfare arrangement:

Fully insured in paragraph 1 of this Rule means insured at such insured value as

Fully insured means an arrangement where a licensed entity is liable to pay all health care benefits, less any contractual deductibles, coinsurance or copayments to be made by the enrollee. The liability of the licensed entity for payment of the covered services or benefits is directly to the individual employee, member or dependent(s) receiving the health care services or benefits. The contract issuance claims payment and administration and all other insurance related functions remain the ultimate responsibility of the licensed entity.

Fully insured means that for the health care benefits or coverage provided or offered by or through a health benefit plan or arrangement:

Fully insured status means that a social insurance participant is eligible for benefits. Social