Amount of Insurance means the maximum amount we will pay for any one occurrence or incident no matter how many people covered by this policy are involved. Different amounts apply to different coverage and these amounts are shown on the Declaration Page.
Amount of Insurance. The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions.
Amount of Insurance means the Amount of Insurance set out at the top of this Certificate, as it may be decreased or increased by you and approved by us from time to time, less any applicable Reduction at Older Ages (refer to that provision) and any less any Vital Living Benefit amount we have paid.
Examples of Amount of Insurance in a sentence
All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured.
All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured.
Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance.
The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under this policy.
All payments under this policy, except payments made for costs, attorneys’ fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment.
More Definitions of Amount of Insurance
Amount of Insurance. The amount calculated using the benefit Survivor Benefit: No coverage Termination age: Employee’s 65th birthday Total Disability Life Waiver: Premiums for this benefit are waived when ACCIDENTAL DEATH, DISEASE AND DISEASE DISMEMBERMENT BENEFITS Eligible Class: Full-Time Employees
Amount of Insurance. An amount equal to the Employee’s Basic Critical Disease Benefit: 10% of the Employee’s Basic Life Insurance Termination age: Employee’s 65th birthday Total Disability Waiver of Premium: When Basic Life Insurance premiums are DEPENDENT LIFE INSURANCE Eligible Class: Full-Time Employees Amount of Insurance: $10,000 Spouse amount Termination age: Employee’s 65th birthday Total Disability Waiver of Premium: When Basic Life Insurance premiums are OPTIONAL LIFE INSURANCE Eligible Class: Full-Time Employees
Amount of Insurance. The amount calculated using the benefit formula. The maximum amount of insurance is: Termination age: Employee’s 75th birthday Total Disability Life Waiver: Is equal to the long term disability Elimination Period. The definition
Amount of Insurance. The amount calculated using the benefit formula. The minimum amount of insurance is $25,000. The maximum amount of insurance is $250,000. Survivor Benefit: No coverage Termination age: Employee’s 65th birthday Total Disability Life Waiver: Premiums for this benefit are waived when long term disability benefits begin. The definition of Total Disability for the Basic Life Waiver matches the definition of Total Disability for the Long Term Disability Benefit defined in this Policy. Waiver of premium terminates at age 65. ACCIDENTAL DEATH, DISEASE AND DISEASE DISMEMBERMENT BENEFITS Eligible Class: Full-Time Employees
Amount of Insurance. An amount equal to the Employee’s Basic Life Insurance amount. Critical Disease Benefit: 10% of the Employee’s Basic Life Insurance to a maximum amount of $50,000. Terminates at age 65. Termination age: Employee’s 65th birthday Total Disability Waiver of Premium: When Basic Life Insurance premiums are waived. DEPENDENT LIFE INSURANCE Eligible Class: Full-Time Employees Amount of Insurance: $10,000 Spouse amount Termination age: Employee’s 65th birthday Total Disability Waiver of Premium: When Basic Life Insurance premiums are waived. OPTIONAL LIFE INSURANCE Eligible Class: Full-Time Employees Amount of Insurance: An Employee and/or Spouse and Children may select any amount of insurance from a minimum of $10,000 to a maximum of $250,000 in units of $10,000. Termination age: Employee’s 65th birthday Total Disability Waiver of Premium: When Basic Life Insurance premiums are waived.
Amount of Insurance means, and the liability of the Company under this policy shall not exceed, the lesser of:
Amount of Insurance. An amount equal to ( ) times the monthly salary (….. or other specific benefit design) subject to a maximum of HK$**********. Guaranteed Issue Limit: Premium Payment Mode: (Yearly/Half Yearly/Quarterly/Monthly) Premium Due Dates: day/month(s) Premium Rates: (…..specify rates applicable) Simplified Administration (IF APPLICABLE): The Simplified Administration procedure is applied to this Policy. No declaration is required for employee whose Sum Insured does not exceed G.I.L. during the policy year. Premium Adjustment is to be calculated at 50% of the premium rate apply on the difference between the Sum Insured at the policy beginning and the actual Sum Insured at the end of the policy year.