Examples of ACV Payment in a sentence
Covered Loss” means a first party insurance claim for Structural Loss that: (a) occurred during the Class Periods, and (b) resulted in an ACV Payment by State Auto, or that would have resulted in an ACV Payment, but for the withholding of Nonmaterial Depreciation causing the loss to drop below the applicable deductible.
Settlement Claimants Who Would Have Received an ACV Payment But For Application of Non-Material Depreciation.
Sproull Class Members Who Would Have Received an ACV Payment But For Application of Non-Material Depreciation.
Claimants Who Would Have Received an ACV Payment But For Application of Non-Material Depreciation.
Subject to the terms, limits, conditions, coverage limits, and deductibles of policies, Tennessee, Kentucky and Ohio Class Members from whom Nonmaterial Depreciation was withheld and not subsequently recovered, and who submit a timely filed Claim Form, will receive a payment equal to 100% of the withheld Nonmaterial Depreciation, plus interest at the rate of 5% per annum from the date of the first ACV Payment to the date of Preliminary Approval.
The Products and Services may not be accessed from more than five (5) unique devices per Authorized User.
Claim Settlement Payments to these Claimants shall be equal to 100% of the Nonmaterial Depreciation that was withheld from the Claimant’s ACV Payment and not subsequently paid to the Class Member by Defendant, as described herein, plus simple interest on that amount at the rate of 6% per annum from the date of each respective ACV Payment to the Effective Date.
Ohio policyholders from whom Non-material Depreciation may have been initially withheld, but was subsequently repaid in full (i.e., through receipt of replacement cost benefits), and who submit a Claim Form, will receive a net payment reflecting 5% simple interest from the date of the last ACV Payment from which Nonmaterial Depreciation was withheld to the date all Nonmaterial Depreciation was paid.
The Class includes: All policyholders under any Commercial or Personal Lines property insurance policy issued by Frontier, who made a Structural Loss claim for propertylocated in the State of Illinois during the applicable Class Periods, that resulted in an ACV Payment from which Labor Depreciation was withheld, or that would have resulted in an ACV Payment but for the withholding of Labor Depreciation causing the loss to drop below the applicable deductible.
Ohio policyholders from whom Non-material Depreciation was withheld and not subsequently recovered, and who submit a Claim Form, will receive a net payment of 100% of the withheld Non-material Depreciation plus 5% simple interest from the date of the last ACV Payment to the date of Preliminary Approval.