Policy Loans definition

Policy Loans means loans under the applicable Covered Insurance Policies.

Policy Loans shall have the same meaning as set forth in the Coinsurance Agreement.

Policy Loans means loans issued by the Insurance Company.

Examples of Policy Loans in a sentence

• Policy Loans: Fair values for policy loans, net of reinsurance ceded, are estimated using discounted cash flow analyses and interest rates currently being offered to policyholders with similar policies.

• In brief, variable Interest Rate Loans have more uncertainty than Standard Policy Loans in both the interest rate charged and the interest rate credited.

• Policy Loans: The book value of policy loans is considered to approximate the fair value of the loan, which is stated at unpaid principal balance.

• The Financial Sector Development Policy Loans I and II were single-tranche loans of US$ 500 million each.

• Subject to the operational requirements of the Employer and on two (2) weeks’ notice in writing, unpaid leave of absence will be granted to one employee who is elected or appointed by the Union for the purpose of conducting official Union business.

More Definitions of Policy Loans

Policy Loans means a credit facility granted by an insurer underwriting life insurance business to its policyholders and the amount of the facility does not exceed the surrender value of the life policy of the policyholders on the date of granting the credit facilities.

Policy Loans means policy loans under the Insurance Contracts, with the dollar amount of Policy Loans at any time being the amount of principal indebtedness plus accrued and unpaid interest, all calculated on a basis consistent with SAP and the terms of the Insurance Contracts.

Policy Loans. The Company has not attempted to determine the fair values associated with its policy loans, as management believes any differences between the Company's carrying value and the fair values afforded these instruments are immaterial to the Company's financial position and, accordingly, the cost to provide such disclosure is not worth the benefit to be derived.

Policy Loans means the amount of policy loans and accrued interest on the Reinsured Policies as of the Closing Date.

Policy Loans shall have the same meaning as set forth in the Coinsurance Agreement. “Reinsured Policies” means all paid-up insurance policies, issued by the Company, that are in force on the Effective Date, except policies offered in settlement to so called “HIV” policyholders and paid-up business associated with the Company’s Jr./Sr. Plan Single Premium Interest Sensitive Whole Life Policies, including, without limitation, policy loans. “Reserves and Liabilities” means the statutory reserves held by the Company as of the Effective Date in support of the policy liabilities arising under the Reinsured Policies and payable after the Effective Date (determined by reference to lines 1, 5, 7 and 8 on page 3 of its 1995 Annual Statement Blank) less Policy Loans. “Reinsurance Agreement” shall have the same meaning as in the Coinsurance Agreement. ATRICLE II

Policy Loans means, with respect to each Cedant, the amount set forth on the line item “Policy Loans” reflected on the Statement of General Account Net Settlement, the Pro Forma Statement of General Account Net Settlement, the Estimated Statement of General Account Net Settlement or the Closing Statement of General Account Net Settlement, as applicable to such Cedant, in each case solely to the extent the Policy Loans relate to the Covered Insurance Policies.

Policy Loans means loans to policyholders, secured by the cash surrender value of a life insurance policy.