Examples of Consumer Redress Funds in a sentence
The Insurer shall pay, on behalf of the Insureds, Defense Expenses, Consumer Redress Funds, and Penalties resulting from any Regulatory Proceeding for any actual or alleged violation of any Privacy Violation Law taking place after the applicable Retroactive Date listed in the Declarations, and which is first made against the Insureds during the Policy Period or the Discovery Period (if applicable) and reported to the Insurer in the time and manner required by this Policy.
The applicable Retentions for Regulatory Action Defense Costs, Consumer Redress Funds and Regulatory Fines and the Each Regulatory Action Retention are also set forth below and such Retentions shall be borne by the Insured uninsured and at its own risk.
Solely with respect to Coverage B, Regulatory Fines and Consumer Redress Funds.
Privacy Regulatory Claims coverage We shall pay on Your behalf Regulatory Fines, Consumer Redress Funds and Claim Expenses that You become legally obligated to pay in excess of the applicable retention resulting from a Regulatory Claim first made against You and reported to Us during the policy period or extended reporting period arising out of a Privacy Wrongful Act on or after the retroactive date and before the end of the policy period.
By adding the following definitions: Consumer Redress Funds 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 Action.
Solely with respect to Coverage C, Regulatory Fines and Consumer Redress Funds; andDamages shall not include or mean:1.
The definition of Loss is amended to include Regulatory Action Defense Costs, Consumer Redress Funds and Regulatory Fines, if and to the extent that Consumer Redress Funds and Regulatory Fines are insurable under the law of the jurisdiction most favorable to the insurability of such Consumer Redress Funds and Regulatory Fines, provided such jurisdiction has a substantial relationship to the Insured, the Company or to the Regulatory Action giving rise to the Consumer Redress Funds and Regulatory Fines.
All patients with history of fire in enclosed space treated in our unit were screened.
Consumer Redress Funds means an amount: (a)which an Insured is, pursuant to a judgment in or settlement of a Privacy Regulatory Action firstmade during the Policy Period, legally and personally liable to pay into a fund for the payment of consumer claims; and (b)which is insurable under the jurisdiction most favourable to insurability to which the Insurer and theInsured incurring the liability, or the Privacy Regulatory Action giving rise to it, has a substantial relationship.
The term Loss includes Regulatory Action Defense Costs, Consumer Redress Funds and Regulatory Fines, if and to the extent that Consumer Redress Funds and Regulatory Fines are insurable under the law of the jurisdiction most favorable to the insurability of such Consumer Redress Funds and Regulatory Fines, provided such jurisdiction has a substantial relationship to the Insured, the Company or to the Regulatory Action giving rise to the Consumer Redress Funds and Regulatory Fines.