optional coverage definition

optional coverage means the level of coverage, the unit price or any other option offered for each insurable crop and chosen by the insured to apply in his or her insurance policy;

optional coverage means group coverage other than the basic coverage.

optional coverage means the level of coverage, the unit price or any other option offered for each insurance plan and chosen by the insured to apply to the insured’s policy;

Examples of optional coverage in a sentence

• IF THE COMPANY FAILS TO MEET THE MARCH 1, 2011 DEADLINE OR MEETS THIS DEADLINE BUT FAILS TO SELECT AN OPTIONAL COVERAGE UNDER THIS ADDENDUM, IT SHALL BE DEEMED BY THE STATE BOARD OF ADMINISTRATION TO BE A CHOICE TO REJECT TICL COVERAGE.

• OPTIONAL COVERAGE Optional Group Term Insurance is available in units of $10,000.

• IF THE COMPANY FAILS TO MEET THE MARCH 1, 2012 DEADLINE OR MEETS THIS DEADLINE BUT FAILS TO SELECT AN OPTIONAL COVERAGE UNDER THIS ADDENDUM, IT SHALL BE DEEMED BY THE STATE BOARD OF ADMINISTRATION TO BE A CHOICE TO REJECT TICL COVERAGE.

• IF THE COMPANY FAILS TO MEET THE MARCH 1, 2013 DEADLINE OR MEETS THIS DEADLINE BUT FAILS TO SELECT AN OPTIONAL COVERAGE UNDER THIS ADDENDUM, IT SHALL BE DEEMED BY THE STATE BOARD OF ADMINISTRATION TO BE A CHOICE TO REJECT TICL COVERAGE.

• IF THE COMPANY FAILS TO MEET THE JUNE 1, 2010 DEADLINE OR MEETS THIS DEADLINE BUT FAILS TO SELECT AN OPTIONAL COVERAGE UNDER THIS ADDENDUM, IT SHALL BE DEEMED BY THE STATE BOARD OF ADMINISTRATION TO BE A CHOICE TO REJECT TICL COVERAGE.

More Definitions of optional coverage

optional coverage means the level of compensation or unit price the insured elects to apply in his or her case;

optional coverage. Each employee of the bargaining unit shall have the option to buy at their expense additional life insurance up to one (1x) times or two (2x) times base salary at the cost of such additional insurance to the College. The effect of this option is to double the amount of life insurance. All bargaining unit employees’ contributions will be applied to pay cost of term insurance and to purchase units of paid-up life insurance, which may be retained or cashed in at retirement or other termination of employment. At age 65 the value of life insurance will be reduced as provided by the terms of the insurance policy.

optional coverage means coverage other than financial responsibility

optional coverage. Means the Optional Coverage You purchased, as shown on Your Identification Card and in the Options box on the Application Page of this Contract. See Section VI.E.

optional coverage means coverage offered by the Pool to the Members in addition to the Mandatory Coverage.

optional coverage means coverage offered by the Pool to the Districts in addition to the Mandatory Coverage.

optional coverage means the Participant elected benefit life insurance coverage on the life of a Participant