Group life insurance policy definition

Group life insurance policy means any life insurance policy under which a number of persons and their depend- ents, if appropriate, are insured under a single policy.
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Group life insurance policy meansany life insurance policy under which a number of persons and their dependents, if appropriate, are insured under a single policy.
Sample 1Sample 2Sample 3
Group life insurance policy means a life insurance policy under which—
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Examples of Group life insurance policy in a sentence

  • Group life insurance policy means any life insurance policy under which a number of persons and their dependents, if appropriate, are insured under a single policy.

  • Group life insurance policy is obtained through an employment or membership in organizations while individual insurance policy is obtained directly from a life insurance company.

  • Cigna Group life insurance policy FLX-963147 was the agreement in effect for the Employer/Respondent at the time of the Mrs.

  • Without limitation, the Appeal Commissioner shall continue to participate in the following benefit plans:  Pension plan;  Group life insurance policy;  Dental plan; and  Long term disability plan.

  • The Company will provide the Executive with life insurance based on the Company’s Group life insurance policy, the cover being four times Salary, subject always to this level of cover being permitted by the life insurance policy provider.

  • The executive directors are beneficiaries of the following remuneration in kind, under the same conditions, as the rest of the employees or groups of employees who are entitled to each of them:  Group life insurance policy (applicable to all the Institution's employees).

  • The Board owns a Lincoln Financial Group life insurance policy that covers the Executive Director.

  • As against the 1st defendant, N1,658,561.40 (One Million, Six Hundred and Fifty Eight Thousand Five Hundred and Sixty- One Naira, Fourty Kobo) being the outstanding sum payable as death benefit under the contract of Group life insurance policy between the deceased member (Okpela Nathaniel Nyamave) and the first Defendant.

  • The first defendant is to pay the claimant the sum of , N1,658,561.40 (One Million, Six Hundred and Fifty Eight Thousand Five Hundred and Sixty-One Naira, Fourty Kobo) being the outstanding sum payable as death benefit under the contract of Group life insurance policy between the deceased member (Okpela Nathaniel Nyamave) and the first Defendant.

  • Group life insurance policy value shall be two (2) times gross annual salary and accidental death and dismemberment policy value also shall be two (2) times gross annual salary.

Related to Group life insurance policy

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

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

  • Reimbursement insurance policy means a policy of insurance

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • 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”)

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.