Break in Policy definition

Break in Policy means the period of gap that occurs at the end of the existing policy term, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thereof.
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Break in Policy means the period of gap that occurs at the end of the existing policy term/installment premium due date, when the premium due for renewal on a given policy or installment premium due is not paid on or before the premium renewal date or grace period.
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Examples of Break in Policy in a sentence

  • Break in Policy means the period of gap that occurs at the end of the existing policy term, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thereof.

  • Break in Policy- occurs at the end of the existing policy term, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thereof.

  • Break in Policy means the period of gap that occurs at the end of the existing policyterm, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thereof.

  • However, the Company is not under obligation to give any notice for Renewal.• Renewal shall not be denied on the ground that the Insured Person had made a claim or claims in the preceding policy years.• Request for Renewal along with requisite premium shall be received by the Company before the end of the policy period.• At the end of the policy period, the Policy shall terminate and can be renewed within the Grace Period of 30 days to maintain continuity of benefits without Break in Policy.

  • Break in Policy occurs at the end of the existing Policy term, when the premium due for Renewal on a given Policy is not paid on or before the premium Renewal date or within 30 days thereof.

  • At the end of the Policy Period, the policy shall terminate and can be renewed within the Grace Period to maintain continuity of benefits with Break in Policy.

  • Break in Policy occurs at the end of the existing Policy term, when the premium due for renewal on a given Policy is not paid on or before the premium renewal date or within 30 days thereof.

  • Break in Policy means the period of gap that occurs at the end of the existing Cover Period under Certificate of Insurance, when the premium due for renewal on a given Certificate of Insurance is not paid on or before the premium renewal date or within 30 days thereof subject to Group Policy is renewed.

  • Break in Policy: occurs at the end of the existing policy term, when the premium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thereof.

  • Break in Policy occurs at the end of the existing policy term, when thepremium due for renewal on a given policy is not paid on or before the premium renewal date or within 30 days thereof.

Related to Break in Policy

  • Probationary Employee means a person who is employed but who has worked less than the prescribed probationary period.

  • Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:

  • Public employer means the State of Oregon, and the following political subdivisions:

  • Leave of Absence means absent from work with permission.

  • Medicare Advantage plan means a plan of coverage for health benefits under Medicare Part C as defined in 42 U.S.C. 1395w-28(b)(1), and includes:

  • Uniform Guidance means the Office of Management and Budget Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, which supersedes requirements from OMB Circulars A-21, A-87, A-110, and A-122, OMB Circulars A-89, A-102, and A-133, and the guidance in Circular A-50 on Single Audit Act follow-up. The terms and conditions of the Uniform Guidance flow down to Awards to Subrecipients unless the Uniform Guidance or the terms and conditions of the Federal Award specifically indicate otherwise.

  • eligible penalty means a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding;