Class Policy definition
Examples of Class Policy in a sentence
The charge depends on a number of variables (including the Issue Age, Underwriting Class, Policy Year, Policy Value, death benefit option, Face Amount, and in most states, sex), that cause it to vary from Policy to Policy and from Monthly Charge Date to Monthly Charge Date.
Skipping class includes, but is not limited to skipping an entire class, showing up more than 5 minutes late to class, leaving class without permission, or missing a large portion of class without a reasonable and verifiable excuse.Students who violate the Skipping Class Policy shall generally be progressively disciplined in accordance with the progression set forth below unless circumstances warrant otherwise.
A Class Policy in Fully Paid-Up Status does not include a Class Policy that is in a Non-Forfeiture Status.
It includes, for example, a Class Policy that has Lapsed beyond the period permitted for automatic reinstatement, a Class Policy that has been cancelled, or a Class Policy (including a policy in Non-Forfeiture Status) that is no longer in force because all available benefits have been exhausted.
In the event of a dispute between the Company and a Class Member regarding that Class Member's status in the Class (e.g., premium-paying versus lapsed or terminated, or paid-up versus lapsed or terminated), or eligibility for relief herein, the Class Member may provide documentary evidence of payment of premiums on a Class Policy, or other documentary evidence, in order to establish the Class Member's status in the Class and entitlement to benefits.