WHO IS ELIGIBLE FOR INSURANCE Sample Clauses

WHO IS ELIGIBLE FOR INSURANCE. COVER Any special circumstances that apply as specified under each group take precedence over the provisions under clause 4 if there is no conformity between the clauses. Membership rules When the insurance relationship is based on insurance moved from another insurer All employees/members who were covered by the insurance scheme with another insurer that is being moved to DNB Liv, will remain covered by the scheme provided they are not older than the agreed age of exit. Those employees/members who were not covered by the insurance scheme being moved to DNB Liv, will be admitted to the scheme if they fulfil the ordinary conditions of entry. If, in connection with the scheme being moved to DNB Liv, insurances are taken out in addition to those the company had with the ceding insurer, entry to the scheme will be conditional on the fulfilment of the ordinary conditions of entry. The same applies if, in connection with the scheme being moved, an increase in the sum insured is agreed for an individual insurance. Ordinary conditions of entry The insurance under this Contract is compulsory and comprises all employees/members who are employed by the Policy Holder and who fulfil the conditions of entry. This applies for employees/members who have a natural affiliation with the agreed groups and are counted as included in the membership base. Statutory Occupational Injury/Occupational Disease Insurance applies for all permanent employees and for temporary workers who are not hired from an employment agency. Casual workers who together make up less than one (1) full-time equivalent, including school students on work experience week and apprentices, are included under the insurance cover Statutory Occupational Injury/Occupational Disease independently of the stated membership basis. Ordinary rules of entry and exit for individual insurances: Insurance Entry age Exit age Percentage requirement for post Occupational Injury Insurance No Limits No Limits No requirements Holiday Injury 67 Years 67 Years No requirements Other Sickness 67 Years 67 Years No requirements Group Life 67 Years 67 Years No requirements Group Accident 67 Years 67 Years No requirements If DNB Xxx requires a medical history statement, membership is conditional on acceptance of the insured’s state of health. The insured is obliged to fill in a medical history statement on a form provided by DNB Xxx. Unless otherwise agreed, it is not possible to opt out of membership of the scheme. Ordinary conditions...
Sample 1
AutoNDA by SimpleDocs

Related to WHO IS ELIGIBLE FOR INSURANCE

  • PAYMENT FOR INSURANCE Lessee shall pay for all insurance required under Paragraph 8 except to the extent of the cost attributable to liability insurance carried by Lessor under Paragraph 8.2(b) in excess of $2,000,000 per occurrence. Premiums for policy periods commencing prior to or extending beyond the Lease term shall be prorated to correspond to the Lease term. Payment shall be made by Lessee to Lessor within ten (10) days following receipt of an invoice.

  • Insurance for Own Account Nothing in Section 4.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) Mortgagee from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner pursuant to this Section 4.06 and Annex B.

  • Insurance or Other Medical Coverage Patient acknowledges and understands that this Agreement is not an insurance plan, and not a substitute for health insurance or other health plan coverage (such as membership in an HMO). It will not cover hospital services, or any services not personally provided by Direct Doctors. Patient acknowledges that Direct Doctors has advised that patient obtain or keep in full force such health insurance policy(s) or plans that will cover Patient for general healthcare costs. Patient acknowledges that this Agreement is not a contract that provides health insurance, and this Agreement is not intended to replace any existing or future health insurance or health plan coverage that Patient may carry.

  • Termination for Insufficient Funding The State may immediately terminate this Contract if it does not obtain funding from the Minnesota Legislature, or other funding source; or if funding cannot be continued at a level sufficient to allow for the payment of the services addressed within this Contract. Termination must be by written notice to the Contractor. The State is not obligated to pay for any services that are provided after notice and effective date of termination. However, the Contractor will be entitled to payment, determined on a pro rata basis, for services satisfactorily performed to the extent that dedicated funds are available. The State will not be assessed any penalty if the Contract is terminated because of the decision of the Minnesota Legislature, or other funding source, not to appropriate funds. The State must provide the Contractor notice of the lack of funding. This notice will be provided within a reasonable time of the State’s receiving notice.

  • Directors and Officers Liability Insurance The Company shall, from time to time, make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses from wrongful acts, or to ensure the Company's performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage. In all policies of directors' and officers' liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company's directors, if Indemnitee is a director; or of the Company's officers, if Indemnitee is not a director of the Company but is an officer; or of the Company's key employees, if Indemnitee is not an officer or director but is a key employee. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain such insurance if the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided, if the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or if Indemnitee is covered by similar insurance maintained by a subsidiary or parent of the Company.

  • How to Add or Remove Coverage for Family Members If your plan offers family coverage, you must notify your employer if you want to add or remove family members according to the Special Enrollment provisions described above. When adding or removing a family member, inform your employer in advance of the requested effective date and your employer will notify us. All requests must be made through your employer. We cannot directly add or remove coverage for you or your family members.

  • Compensation and Employers Liability Insurance a. Statutory California Workers' Compensation coverage including broad form all-states coverage. b. Employer's Liability coverage for not less than one million dollars ($1,000,000) per occurrence.

  • Director and Officer Liability Insurance The Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and the Insiders shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers.

  • Registers Open for Inspection The registers referred to in Section 2.8(1) shall be open at all reasonable times during business hours on a Business Day for inspection by the Company or any Warrantholder. The Warrant Agent shall, from time to time when requested to do so in writing by the Company, furnish the Company with a list of the names and addresses of holders of Warrants entered in the register of holders kept by the Warrant Agent and showing the number of Warrants held by each such holder.

  • Directors and Officers Insurance The Company shall, to the extent that the Board determines it to be economically reasonable, maintain a policy of directors’ and officers’ liability insurance (“D&O Insurance”), on such terms and conditions as may be approved by the Board.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!