For Guaranteed Issue Sample Clauses
The 'For Guaranteed Issue' clause establishes that certain insurance policies or benefits will be provided to eligible individuals without requiring evidence of insurability or medical underwriting. In practice, this means that as long as applicants meet predefined criteria—such as being part of a specific group or applying within an enrollment period—they are automatically accepted for coverage regardless of their health status. This clause is essential for ensuring broad access to insurance, particularly for individuals who might otherwise be denied coverage due to pre-existing conditions or other risk factors.
For Guaranteed Issue. The Company will provide the Reinsurer with a non-password protected census spreadsheet, in Excel, which will include the group name (name of entity insuring its employees with the Reinsurer under this Agreement), full name of each insured, date of birth/age of each insured, risk amount for each insured, and business address for each insured (s▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇, ▇▇▇▇▇ and zip).
For Guaranteed Issue. The Company will provide the Reinsurer with a non-password protected census spreadsheet, in Excel, which will include the group name (name of entity insuring its employees with the Reinsurer under this Agreement), full name of each insured, date of birth/age of each insured, risk amount for each insured, business address for each insured (Street address, city, state and zip), statement regarding existing COLI/BOLI coverages on current lives under consideration and a statement regarding concurrent COLI/BOLI solicitations with other carriers and the ultimate total line intended.