Class Policies definition
Examples of Class Policies in a sentence
Plaintiffs and the Class agree that RLIC may continue to implement its current COI rates and further agree not to take any legal action or cause to take any legal action challenging the current (as of May 31, 2023) COI rates and/or COI rate schedules for the Class Policies.
The Settlement Fund, after any reduction for Post-Settlement Opt-Outs is referred to herein as the Final Settlement Fund, and the Class Policies that do not timely and validly opt-out during the additional opt-out period provided in Section 44 constitute the Settlement Class.
Until May 16, 2030, AXA Equitable agrees to not increase the COI rate schedules on the Final Class Policies above the COI rate schedules in place as of May 16, 2023.
For a period of five (5) years following the Final Approval Date, Voya and Lincoln agree that COI rates on the Class Policies will not be increased above the current rate schedules implemented on June 1, 2016, unless Voya is ordered to do so by a state regulatory body.
In the event the Court requires a supplemental opt-out opportunity to members of the Contract Class or to additional members of the Illustration Class, the Parties shall work in good faith to determine a formula to reduce the Settlement Amount or to adjust the termination provision in Section 9.2 to address any additional Class Policies that opt-out of either the Contract Class or the Illustration Class.
RLIC represents and warrants that the current COI rate schedules for the Class Policies have not changed since this Action was commenced.