Contributory Insurance Clause Samples
The Contributory Insurance clause establishes that if multiple insurance policies cover the same risk or loss, each insurer will contribute proportionally to the payment of any claim. In practice, this means that if a loss occurs, the total amount payable is divided among the insurers based on their respective policy limits or agreed shares, preventing the insured from recovering more than the actual loss. This clause ensures fairness among insurers and avoids situations where one insurer bears the entire burden of a claim when other coverage exists.
Contributory Insurance. The Board will pay one hundred (100) percent of the premiums for disability insurance for all tenured administrators. These benefits shall apply to the beneficiary as appropriate. Non-tenured administrators may, at their discretion, have the same disability coverage at a cost to the Board of Education of eighty (80) percent of the annual premium. These benefits shall apply to the beneficiary as appropriate. Each administrator will be charged twenty
Contributory Insurance. The full-time employee covered by this Agreement must join the Group Life Insurance Plan for at least the first year of employment and he/she will pay the premium for this insurance as a payroll deduction. At his/her option, the full-time employee covered by this Agreement may discontinue this coverage any time after one year of service upon written notification of one month to the Payroll Department. However, once it has been discontinued, the insurance may not be reinstated.
Contributory Insurance. You must apply in Writing for Dependent Life Insurance for your Child and agree to pay premiums. Contributory Insurance for your Child not subject to Evidence Of Insurability becomes effective on the latest of: * The date your Life Insurance becomes effective if you apply on or before that date. * The date you become eligible to insure your Child if you apply on or before that date. * The date you apply if you apply after you become eligible. * The later of the date you apply or the date of the Family Status Change, if you apply within 31 days of a Family Status Change. Except as provided above, your first eligible newborn Child is automatically covered for the minimum Child Life Insurance Benefit amount shown in the Coverage Features up to the date you apply, if you apply within 31 days from the Child’s live birth.
Contributory Insurance. Farmers alone cannot be expected to contribute to this; Fund, because this is inteneded not merely to relieve the distress of a few thousands of pe~sants in any isolated area but to help all the people, including artisans whose main means of living, working capital and even employment . are destroyed or denied by widespread natural calamity. Moreover, peasants lose all their working capital, employ- ment and their capacity to raise the next year's crop. Their workers lose employment and what they lose is many times more than the temporary relief provided by.Government. Indeed, Government must rehabilitate them, in addition to offering mere relief. Therefore, it is the duty of Government; functioning as the Trustee of a welfare Society, to build up a permanent F. F. Fund, to be built by the Central and State Govern- ment. There can be, and indeed, there must be another fund, which would be contributory insurance fund, to be organised under the auspices of the State Governments, to which peasants and Governments have to contribute in equal measure, at stated rates per acre of land or per ▇▇▇▇▇▇▇ of average production of foodgrains, pulses, fibres etc., computed on the basis of production or marketing. Such a crop insurance fund would become feasible and effective only after the agricultural and rural economy comes to be protected.
Contributory Insurance. Employees must join the Group Life Insurance Plan as determined by TPAF, PERS, or Defined Contribution Retirement Program (DCRP) regulations. At his/her option, the full- time employee covered by this Agreement may discontinue this coverage any time after one year of service upon written notification of one month to the Payroll Department. However, once it has been discontinued, the insurance may not be reinstated.
Contributory Insurance. The Board will provide to administrators full repayment toward Contributory Pension Insurance.
Contributory Insurance. The employee must join the State Group Life Insurance Plan for at least the first year of employment and he/she will pay the premium for this insurance as a payroll deduction. At his/her option, the employee may discontinue this coverage any time after one year of service upon written notification of one month to the school district’s payroll department. However, once it has been discontinued, the insurance may not be reinstated.