Consumer Redress Fund definition

Consumer Redress Fund means any sum of money the "Insured" is legally required to deposit in a fund for the payment of consumer claims due to a settlement of, or an adverse judgment in, a "Regulatory Proceeding".
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Consumer Redress Fund means a sum of money which the Insured is legally obligated to deposit in a fund as equitable relief for the payment of consumer claims due to an adverse judgment or settlement of a Regulatory Proceeding. Consumer Redress Fund shall not include any sums paid which constitute taxes, fines, penalties, injunctions or sanctions.
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Consumer Redress Fund means a sum of money which the Insured is legally obligated to deposit in a fund as equitable relief for the payment of consumer claims due to the adverse judgment or settlement of a Regulatory Proceeding. $100,000 USD is the aggregate limit of the Company’s liability for a Consumer Redress Fund covered under this Policy, which amount shall be part of, and not in addition to, the Limit of Liability and any applicable sub-limit(s) of liability.
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Examples of Consumer Redress Fund in a sentence

  • Consumer Redress Fund means those sums the Insured is legally obligated to deposit in a fund as an equitable remedy for the payment of consumer claims resulting from an adverse judgment, ruling, or settlement of a Privacy Regulation Claim.

  • Regulatory Loss also includes sums paid to a Consumer Redress Fund.

  • Consumer Redress Fund shall not include any amounts paid which constitute taxes, fines, penalties, injunctive relief, or sanctions.Contingent Business Interruption Loss means:1.

  • However, with respect to a Wrongful Act expressly covered under Insuring Agreements A or C, this exclusion shall not apply to a Regulatory Proceeding or Consumer Redress Fund for that portion of Damages or Claims Expenses allocated to numbered paragraph 4 of Privacy Regulations.

  • Consumer Redress Fund shall not include any amounts paid which constitute taxes, fines, penalties, injunctive relief or sanctions.

  • However, with respect to a Wrongful Act expressly covered under Insuring Agreements A or C, this exclusion shall not apply to a Regulatory Proceeding or Consumer Redress Fund for that portion of Damages or Claims Expenses allocated to numbered paragraph 5 of Privacy Regulations.

  • Damages Damages means compensatory damages, any award of prejudgment or post-judgment interest, Payment Card Loss, Regulatory Fines, Consumer Redress Fund, settlements, and amounts which an Insured becomes legally obligated to pay on account of any Claim.

  • Consumer Redress Fund shall not include any sums paid which constitute taxes, fines, penalties, injunctions or sanctions.

  • Consumer Redress Fund shall not include any amounts paid which constitute taxes, fines, penalties, injunctive relief or sanctions.Contingent Business Interruption Loss means:1.

  • With respect to a Wrongful Act expressly covered under Insuring Agreements 2 or 4, this exclusion shall not apply to a Regulatory Proceeding or Consumer Redress Fund for that portion of Damages or Claims Expenses allocated to numbered paragraph 4 of the definition of Privacy Regulations alleging, based upon, arising out of or attributable to false, deceptive or unfair business practices, violation of consumer protection laws, or false or deceptive advertising.


More Definitions of Consumer Redress Fund

Consumer Redress Fund means the sum of money which You become legally obligated to deposit in a Consumer Redress Fund pursuant to Section 5(a) of the Federal Trade Commission Act, 15 U.S.C. § 45(a), for alleged violations of unfair or deceptive acts or practices in or affecting commerce, where such money is equitable relief for the payment of consumer claims due to an adverse judgment or settlement of a Regulatory Proceeding resulting from a Data Breach or Network Security Failure. However, the Consumer Redress Fund shall not include any sums paid which constitute taxes, fines, penalties, injunctions or sanctions.
Sample 1
Consumer Redress Fund means those sums the Insured is legally obligated to deposit in a fund as an equitable remedy for the payment of consumer claims resulting from an adverse judgment, ruling, or settlement of a privacy regulation claim.
Sample 1

Related to Consumer Redress Fund

  • Consumer fireworks means fireworks devices that are designed to produce visible effects by combustion, that are required to comply with the construction, chemical composition, and labeling regulations promulgated by the United States consumer product safety commission under 16 CFR parts 1500 and 1507, and that are listed in APA standard 87-1, 3.1.2, 3.1.3, or 3.5. Consumer fireworks does not include low-impact fireworks.

  • Consumer account means an account established primarily for personal, family, or household use.

  • Consumer advocate means the consumer advocate referred to in Iowa Code chapter 475A.

  • Consumer report means any written, oral or other communication of any information by a consumer reporting agency bearing on your credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing your eligibility for employment purposes.

  • consumer dispute means a dispute where the person against whom a complaint has been made, denies or disputes the allegations contained in the complaint;

  • Consumer product means a chemically formulated product used by household and institutional consumers including, but not limited to, detergents; cleaning compounds; polishes; floor finishes; cosmetics; personal care products; home, lawn, and garden products; disinfectants; sanitizers; aerosol paints; and automotive specialty products; but does not include other paint products, furniture coatings, or architectural coatings. As used in this article, the term “consumer product” shall also refer to aerosol adhesives, including aerosol adhesives used for consumer, industrial, and commercial uses.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Postconsumer waste means a finished material that would normally be

  • Post-Consumer Waste means any product generated by a business or consumer which has served its intended end use, and which has been separated or diverted from solid waste for the purpose of recycling into a usable commodity or product, and which does not include post-industrial waste.

  • Consumer loan means a loan to one or more individuals for household, fam- ily, or other personal expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. Consumer loans include the following categories of loans:

  • Post-consumer recovered material means any product used by a consumer, including a business that purchases the material, that has served its intended end use, and that has been separated or diverted from the solid waste stream for the purpose of use, reuse, or recycling.

  • Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and distribution services;

  • Investigative consumer report means a consumer report or portion thereof in which information about a natural person's character, general reputation, personal characteristics, or mode of living is obtained through personal interviews with the person's neighbors, friends, associates, acquaintances, or others who may have knowledge concerning such items of information.

  • Consumer Protection Act means the Consumer Protection Act, No 68 of 2008;

  • Consumer reporting agency means any person that, for monetary fees, dues, or on a cooperative nonprofit basis, regularly engages in whole or in part in the practice of assembling or evaluating consumer credit information or other information concerning consumers for the purpose of furnishing consumer credit reports to third parties.

  • Consumer transaction means a transaction in which (i) an individual incurs an obligation primarily for personal, family, or household purposes, (ii) a security interest secures the obligation, and (iii) the collateral is held or acquired primarily for personal, family, or household purposes. The term includes consumer-goods transactions.

  • Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.

  • Post-consumer material means a material or finished product that has served its intended use and has been discarded for disposal or recovery, having completed its life as a consumer item. Post consumer material is a part of the broader category of "recycled content."

  • Consumer Price Index means the Consumer Price Index for

  • Related Consumer Action means a private action by or on behalf of one or more consumers or an enforcement action by another governmental agency brought against Respondent based on substantially the same facts as described in Section IV of this Consent Order.

  • The Consumer Price Index means the Consumer Price Index for Canada as published by Statistics Canada (1971 = 100) and hereinafter called the C.P.I.

  • Postconsumer material means a material or finished product that has served its intended use and has been discarded for disposal or recovery, having completed its life as a consumer item. Postconsumer material is a part of the broader category of “recovered material.”

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Consumer Information Any personally identifiable information in any form (written electronic or otherwise) relating to a Mortgagor, including, but not limited to: a Mortgagor’s name, address, telephone number, Mortgage Loan number, Mortgage Loan payment history, delinquency status, insurance carrier or payment information, tax amount or payment information; the fact that the Mortgagor has a relationship with the Seller or Servicer or the originator of the related Mortgage Loan; and any other non-public personally identifiable information.

  • Public street means a public right-of-way, including a public highway, public avenue, public boulevard, public parkway, public road, public lane, public alley, public viaduct, public subway, public tunnel, public bridge, public byway, other public transportation easement, or other public way.

  • Automotive hard paste wax means an automotive wax or polish that is: