reduce proportionately definition

reduce proportionately means that the insurer need pay on the claim only X% of what it would otherwise have been under an obligation to pay under the terms of the contract (or, if applicable, under the different terms provided for by virtue of paragraph 6), where—
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reduce proportionately means that the insurer need pay on the claim only
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Examples of reduce proportionately in a sentence

  • Where different terms are applied that result in an additional premium You shall be liable to pay for such an additional premium.3. Reduce proportionately the amount for which We are liable on any claim by the proportion to which the premium actually charged bears to the premium that We would have charged had a fair presentation been made.

  • Reduce proportionately any amount paid or payable in respect of a claim under Your Policy by dividing the premium actually charged by the premium We would have charged had You made a fair representation of the risk and calculate this as a percentage.

  • Reduce proportionately on a per megawatt of constraint impact basis all Stage 3 ARRs defined in Step 2(e) that increase flows over this constraint until the constraint is relieved.2(i) Repeat Steps 2(f) through 2(h) as necessary until a simultaneously feasible set of ARRs is obtained.

  • Reduce proportionately on a per megawatt of constraint impact basis all ARRs defined in Step 3(a) that increase flows over this constraint until the constraint is relieved.3(f): Test whether the ARRs identified in Step 3(e) are simultaneously feasible.

  • PROPOSED TAX LEVY (REPLACEMENT) CITY OF BROADVIEW HEIGHTS A majority affirmative vote is necessary for passage.

  • However, in some cases this process has delayed the delivery of legitimate mail to prisoners, reportedly up to five weeks.

Related to reduce proportionately

  • Pro Rata Portion means the ratio of (x) the Subscription Amount of Securities purchased on the Closing Date by a Purchaser participating under this Section 4.12 and (y) the sum of the aggregate Subscription Amounts of Securities purchased on the Closing Date by all Purchasers participating under this Section 4.12.

  • Percentage means, in respect of any Lender on any date of determination, the percentage obtained by dividing such Lender's Commitment on such day by the total of the Commitments on such day, and multiplying the quotient so obtained by 100%.