Claim Event definition

Claim Event means the insured risks under this policy, being Death and/or Disability and/or Loss of Income of an Insured.

Claim Event means, in relation to a Transaction, one or more of the following events or occurrences (as applicable):

Claim Event means any event or incident giving rise to a claim, action, proceeding, damage, loss, cost, expense or liability incurred by or against, or made or recovered by or against, the Company however arising and whether present, future or contingent;

Examples of Claim Event in a sentence

• If the proceeds are received during the delinquency or after termination of the loan, the funds should be listed as loss proceeds credit on the Basic Claim Event.

• A foreign corporation which conducts affairs in this state without a certificate of authority under this act is subject to the same duties, restrictions, penalties, and liabilities now or hereafter imposed upon a foreign corporation which receives such certificate of authority, in addition to any other penalty or liability imposed by law.History: 1982, Act 162, Eff.

• Most credits, such as insurance premium refunds, any rents collected by the holder, and any funds the servicer applied to the account to reduce the indebtedness, must be credited prior to loan termination or the servicer’s submission of the Basis Claim Event.

• Upon the occurrence of any Insured Claim Event/ Personal Accident that may give rise to a claim under this Policy, then the Policyholder/ Insured Person, must notify Us either at the call centre or in writing, immediately and within seven (7) days of occurrence of such Event.

• In return for the timeous and prior payment of the required monthly premium by the Principal Insured and receipt thereof by Guardrisk and subject to the terms of this Policy, Guardrisk will pay the benefit of the Claim Event to the Principal Insured if the Claim Event (being the Dread Disease) occurs during the life of the Insured or where the Insured is deceased, to her/his claimant.

More Definitions of Claim Event

Claim Event means an accident, sickness and costs that arise for the insured. A claim event is deemed to have occurred at the time of the accident or at the time the sickness manifested itself. ‘Mani- fested itself’ means that the insured has such symp- toms for the first time whereby the insured realised or ought to have realised that a sickness may exist.

Claim Event means the Natural Death or the Accidental Death, of the Insured or the diagnosis of the Dread Disease (as defined);

Claim Event means the death of the Principal Insured or Spouse, or retrenchment of the Principal Insured;

Claim Event. : means the insured risk, namely the death of the Insured;

Claim Event means the contingency upon which policy moneys are payable under an insured policy;

Claim Event has the meaning given in clause 13.6. Commitment Date, for a Train Service, has the meaning given in item 10 of

Claim Event means the death or Total Permanent Disability of the Life Insured.