Death of the Insured Sample Clauses

Death of the Insured. In the event of the death of the Insured while this Agreement is in effect, a portion of the proceeds of the Policy equal to the Policy Interest shall be paid to the Assignee and the balance of the proceeds of the Policy shall be paid to the beneficiary or beneficiaries under the Policy (as their interests may appear); provided, in computing the value of Assignee's Policy Interest upon termination, Assignee shall be deemed to have repaid to Insurer the amount of any outstanding Policy loans or advances to Assignee (including accrued interest) immediately prior to such termination, and such deemed repaid amount in turn shall be deemed to have been distributed to Assignee.
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Death of the Insured death of the Insured caused by an accident or any other natural reason (which is not in the list of exceptions);
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Death of the Insured. ‌ If the Insured dies, this Contract will continue in force for the benefit of the Insured’s spouse or legal representative until it is terminated in accordance with its provisions.
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Death of the Insured. If the Insured dies prior to all monthly payments being made, the Benefit Amount of the Term Policy, reduced to reflect the Accelerated Benefit paid, will be paid as a lump sum settlement or under an Income Option to the Beneficiary. If You request a benefit payment under this Rider, and death of the Insured occurs before Our payment of the Accelerated Benefit, no Accelerated Benefit will be payable. In the event We make an Accelerated Benefit payment in good faith, and the death occurs before the first payment date, We will be released from liability to the extent of such payment made or action taken prior to Our receipt of proof of death. There is no premium, cash value or loan value associated with this Rider.
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Death of the Insured. If you are not the Insured, and this rider ends because of the death of the Insured, we will issue to you a new policy on the life of the additional insured person. The requirements and provisions under Exchanging this Rider for an Insurance Policy will apply. We must receive a written request within 30 days after the Insured's death. If the Insured's date of death is the 29th, 30th, or 31st day of a calendar month, the new policy will be effective on the first day of the following calendar month. Otherwise, the new policy will be effective on the date of the Insured's death. If you are the Insured and this rider ends because of your death, the additional insured person may request the new policy. In this case, the additional insured person will own the new policy. If the additional insured person dies within 30 days after the Insured, and if a new policy has not been requested, we will pay the amount of insurance that would have been paid under this rider had it not ended. Our payment will be made as if this rider was still in effect. LIMITS ON EFFECT OF OTHER RIDERS No benefit rider, other than a Disability Benefit Rider, will affect this rider. This rider will not increase the benefits paid under any other rider. LIMITS ON CONTESTING THIS RIDER We will not contest the amount of insurance originally provided by this rider after it has been in effect during the additional insured person's life for two years. COST OF THIS RIDER This rider is issued in consideration of the application and the inclusion of its monthly cost of insurance in the Policy's monthly deduction. The monthly cost of insurance for this rider is (1) multiplied by (2) where:
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Death of the Insured on the date of death;
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Death of the Insured death caused by an accident or any natural reason.
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Death of the Insured. In the event of the insured’s death during treatment for an illness or injury, the expenses for their treatment will be paid within the scope of the policy and coverage if the insured’s heirs complete the necessary documents for compensation. If the insured dies outside of the T.R. borders the expenses necessary for the body to be transported to Turkey are covered with a limit of $10,000.
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Related to Death of the Insured

  • Physical Damage Insurance The Servicer shall, in accordance with its customary servicing procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Equipment as of the execution of the Receivable.

  • Insured The contractor/renter must be specifically listed as the Insured.

  • Crime Insurance Contractor shall maintain during the term of the Contract Crime Insurance on a “loss sustained form” or “loss discovered form,” and coverage must include the following:  The policy must allow for reporting of circumstances or incidents that might give rise to future claims.  The policy must include an extended reporting period of no less than one (1) year with respect to events which occurred but were not reported during the term of the policy.  Any warranties required by the Contractor’s insurer as a result of this Contract must be disclosed and complied with. Said insurance shall extend coverage to include the principals (all directors, officers, agents and employees) of the Contractor as a result of this Contract.  The policy shall include coverage for third party fidelity and name “The People of the State of New York, the New York State Office of General Services, any entity authorized by law or regulation to use this Contract as an Authorized User and their officers, agents, and employees” as “Loss Payees” for all third party coverage secured. This requirement applies to both primary and excess liability policies, as applicable.  The policy shall not contain a condition requiring an arrest and conviction.  The policy shall include coverage for computer crime/fraud.

  • Business Interruption Insurance Upon receipt by Company or any of its Subsidiaries of any business interruption insurance proceeds constituting Net Insurance/Condemnation Proceeds, (a) so long as no Event of Default shall have occurred and be continuing, Company or such Subsidiary may retain and apply such Net Insurance/Condemnation Proceeds for working capital purposes, and (b) if an Event of Default shall have occurred and be continuing, Company shall apply an amount equal to such Net Insurance/Condemnation Proceeds to prepay the Loans (and/or the Revolving Loan Commitment Amount shall be reduced) as provided in subsection 2.4B;

  • Partial Damage - Insured Loss If a Premises Partial Damage that is an Insured Loss occurs, then Lessor shall, at Lessor's expense, repair such damage (but not Lessee's Trade Fixtures or Lessee Owned Alterations and Utility Installations) as soon as reasonably possible and this Lease shall continue in full force and effect; provided, however, that Lessee shall, at Lessor's election, make the repair of any damage or destruction the total cost to repair of which is $10,000 or less, and, in such event, Lessor shall make any applicable insurance proceeds available to Lessee on a reasonable basis for that purpose. Notwithstanding the foregoing, if the required insurance was not in force or the insurance proceeds are not sufficient to effect such repair, the Insuring Party shall promptly contribute the shortage in proceeds (except as to the deductible which is Lessee's responsibility) as and when required to complete said repairs. In the event, however, such shortage was due to the fact that, by reason of the unique nature of the improvements, full replacement cost insurance coverage was not commercially reasonable and available, Lessor shall have no obligation to pay for the shortage in insurance proceeds or to fully restore the unique aspects of the Premises unless Lessee provides Lessor with the funds to cover same, or adequate assurance thereof, within ten (10) days following receipt of written notice of such shortage and request therefor. If Lessor receives said funds or adequate assurance thereof within said ten (10) day period, the party responsible for making the repairs shall complete them as soon as reasonably possible and this Lease shall remain in full force and effect. If such funds or assurance are not received, Lessor may nevertheless elect by written notice to Lessee within ten (10) days thereafter to: (i) make such restoration and repair as is commercially reasonable with Lessor paying any shortage in proceeds, in which case this Lease shall remain in full force and effect, or have this Lease terminate thirty (30) days thereafter. Lessee shall not be entitled to reimbursement of any funds contributed by Lessee to repair any such damage or destruction. Premises Partial Damage due to flood or earthquake shall be subject to Paragraph 9.3, notwithstanding that there may be some insurance coverage, but the net proceeds of any such insurance shall be made available for the repairs if made by either Party.

  • Maintenance of Physical Damage Insurance Policies The Servicer shall, in accordance with its customary servicing procedures and underwriting standards, require that each Obligor shall have obtained physical damage insurance covering each Financed Vehicle as of the origination of the related Receivable.

  • Errors and Omissions Insurance Policy An errors and omissions insurance policy to be maintained by the Company pursuant to Section 4.12.

  • Health and Hospitalization Insurance Single Coverage: The School District shall contribute a sum not to exceed $284.00 per month toward the premium for individual coverage for each full-time employee employed by the School District who qualifies for and is enrolled in single coverage in the School District’s group health and hospitalization insurance plan. Any additional cost of the premium shall be borne by the employee and paid by payroll deduction.

  • Hospitalization Insurance A) Effective January 1, 2012, all eligible employees shall be enrolled into Blue Cross Blue Shield Community Blue 4 (CB4) medical plan with a closed formulary $5 generic/$40 preferred brand/$80 non-preferred brand prescription drug card. The CB4 medical plan shall include a $500 single/$1,000 couple/family first dollar deductible, after which coinsurance will be provided at 80% with an annual employee maximum co-insurance out of pocket at $1,500 single and $3,000 family. In accordance with Health Care Reform preventative care is covered 100%. Copays shall include $30 for office visits, $30 for urgent care, and $150 for emergency room visits. Effective July 1, 2019 the City will also provide Blue Cross Blue Shield Simply Blue PPO with a $5 generic/$40 preferred brand/$80 non-preferred prescription drug card as a voluntary option for employees. Effective January 1, 2012, the City shall establish a Cafeteria Plan Section 125 Flexible Spending Account (FSA) for qualified medical expenses compliant with all IRS regulations. Employees may elect to contribute into the FSA on a pre-tax basis up to a limit set by the employer in compliance with IRS regulations and Health Care Reform. Employees must establish their contributions each calendar year, and the amount may not be altered unless the employee experiences a qualifying event as defined by the IRS. The City shall not contribute into the employee’s FSA for calendar year 2011, 2012 or 2013. Effective with calendar year 2014 the City’s contribution into the FSA will be in accordance with Article IV Section 5. Qualified purchases during the calendar year using FSA funds must be submitted for reimbursement no later than the last day of February the following calendar year. Any money contributed into the FSA and not spent will be forfeited by the employee. Effective July 1, 2019 the FSA plan year shall be July through June to coincide with the medical plan year. Qualified purchases during the plan year using FSA funds must be submitted for reimbursement no later than the last day of September following the close of the plan year June 30th. Any money contributed into the FSA and not spent will be forfeited by the employee, except for the amount allowed by IRS regulations. The City reserves the right to self insure any and all medical insurance plans as described in this Collective Bargaining Agreement at the City’s sole discretion.

  • Vehicle Liability Insurance $___________________ minimum required insurance policy on all owned, hired, and non-owned vehicles of the Subcontractor for combined single limit liability for each accident affecting incurring bodily injury and/or property damage.

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