Insurance Event the occurrence of Insurance Risk stipulated by Insurance Coverage (the necessity of receiving medical service and/or the receipt of the same by the Health Insured Person), out of which arises the Insurer’s obligation to pay the Insurance Indemnity in accordance with the terms and conditions of the Insurance Agreement;
Insurance Event. For the purpose of these special terms & conditions, an insured event is considered as caused damage to a third party if all the conditions of paragraph 2.1.1 above are simultaneously fulfilled and if such damage or damage is linked to the insurer's obligation to indemnify such damage.
Insurance Event. 2.1. An insurance event is the occurrence of unexpected and unfore- seen damage to a third party during the insurance period, causally related to the insured person's activity specified in the insurance contract (hereinafter referred to as the event), resulting in the in- sured person incurring a statutory obligation to compensate for the damage. For example, an individual has insured their liability as a building owner; during the insurance period, an icicle falls from the roof of the building, causing damage to a third party passing by the buil- ding.
Insurance Event. An insurance event has occurred when the factual conditions described in clause 2.4 are present.
Insurance Event. In the territory of the insurance, during the insurance period, damage to the health (trauma, fracture, dislocation, bruising, wound, etc.) or death of the Policyholder as a result of the risks provided for in this contract;
Insurance Event. Within sixty (60) days of the occurrence of any insurance event, the Parties do not agree in writing on the use of insurance proceeds paid by the insurance company under the Insurances and received or to be received by the Bank as the beneficiary of the Insurances. During the negotiations regarding the insurance event the Parties shall act on a best effort basis with due consideration to the possibility of the Borrower to continue its business and to its capacity to fulfil its payment obligations under the Finance Documents.
Insurance Event. A factual and circumstantial array, as defined in any one of the Policy chapters or appendices, the existence of which grants the Insured a right to insurance compensation as per the Policy.
Insurance Event worsening of an existing disease: the Insurer shall pay or indemnify the Insured in respect of a health event other than an accident for all the expenses specified and detailed in the second chapter of the Insurance Terms even if the Insured is under medical treatment that includes chronic medical treatment and/or treatment of an active disease at the time of his arrival to Israel or for a period of 6 months that preceded his arrival to Israel in accordance with the terms defined in the coverage for worsening of an existing disease and worsening of an existing cardiac disease and up to an amount of $25,000.
