CONTINUATION OF INSURANCE definition

CONTINUATION OF INSURANCE. If the premium payments are not made, insurance coverage under this Policy and any benefits provided by any Rider will be continued in force. Such coverage will be continued as provided in the Grace Period Provision. This provision will not continue the Policy beyond the Maturity Date nor continue any Rider beyond the date for its termination, as provided in the Rider.
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CONTINUATION OF INSURANCE. If the premium payments are not made, insurance coverage under this policy and any benefits provided by a rider will be continued in force. Such coverage will be continued as provided in the Grace Period Provision. This provision will not continue the policy beyond the Maturity Date nor continue any rider beyond the date of its termination, as provided in such rider. COMPLETE SURRENDER: Your policy may be surrendered for its Cash Surrender Value at any time while it is in force. You must submit a written request on a form acceptable to us. We may also require the return of your policy. The date of surrender will be the date we receive your written request at our Home Office. The Cash Surrender Value will be determined as of the end of the Valuation Period during which your request is received. All coverage will end on the date of surrender.
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CONTINUATION OF INSURANCE. If Premium payments cease, coverage under this Policy or any attached riders or endorsements will continue until the Policy Value Account, less any outstanding Policy loan and accrued loan interest is insufficient to cover all accrued Policy fees and charges, including charges for any riders or endorsements. When the amount is insufficient, the “Grace Period” provision will go into effect. V17-J355X-NY 8-20
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Examples of CONTINUATION OF INSURANCE in a sentence

  • CONTINUATION OF INSURANCE[:] The coverage of this policy shall continue in force .

  • CONTINUATION OF INSURANCE, GRACE PERIOD AND REINSTATEMENT CONTINUATION OF INSURANCE Subject to the Grace Period provision below, if sufficient premium payments are not made, this policy will continue until the day on which the Cash Surrender Value would not be enough to pay the monthly Deduction Amount due, or until the Maturity Date, if earlier.

  • The operator may either download the entire FDB TM regional or national frequency database file sets, or a specific FDB TM file of interest, on demand during deployment.

  • NONFORFEITURE PROVISION CONTINUATION OF INSURANCE (EXTENDED INSURANCE) Even if you do not make additional premium payments, your insurance coverage under this policy, and any benefits provided by rider, will stay in force as long as the Cash Surrender Value is large enough to cover the Monthly Deduction.

  • NONFORFEITURE PROVISIONS CONTINUATION OF INSURANCE Even if you do not make additional premium payments your insurance coverage under this policy, and any benefits provided by rider, will stay in force as long as the Cash Surrender Value is large enough to cover the Monthly Deduction.

  • GVL95(C) 8 -------------------------------------------------------------------------------- SECTION IV - CONTINUATION OF INSURANCE -------------------------------------------------------------------------------- CONTINUATION If premium payments are discontinued, We will continue insurance OF INSURANCE Coverage under this Certificate as long as the Cash Surrender Value is sufficient to cover the charges due.

  • CONTINUATION OF INSURANCE: If a Covered Person's Variable Universal Life Coverage under the Group Contract ends because You are no longer in the Covered Class for the Insurance, You may elect to continue the Covered Person's Insurance (including any additional insurance benefits) on a direct-billing basis.

  • CONTINUATION OF INSURANCE This Contract does not terminate automatically for failure to pay Subsequent Premiums.

  • CONTINUATION OF INSURANCE BENEFITIf You enrolled in the Family Plan, and suffer a loss of life covered under the Accidental Death Benefit, all Coverages and Enhanced Benefits under the Policy which were in force on the date of the loss, with respect to Covered Persons other than You, are continued automatically for 365 days after the date of Your loss at no additional cost.

  • Final Report of the Select Bipartisan Committee to Investigate the Preparation for and Response to Hurricane Katrina, 109th Congress 2nd Session, February 15, 2006, 219, http://www.gpoaccess.gov/katrinareport/mainreport.pdf (accessed March 12, 2011).


More Definitions of CONTINUATION OF INSURANCE

CONTINUATION OF INSURANCE. If this Policy is in force on the date the Insured attains the Age 121, no additional Premium payments will be accepted and the Monthly Deduction will cease. The Policy will remain in force. Interest will continue to accrue on the Policy Value and on Policy Debt, if any.
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CONTINUATION OF INSURANCE. If this Policy is in force on the date that the Insured attains age 121, no additional premium payments will be accepted and the Monthly Deduction will cease. The Policy will remain in force. Interest will continue to accrue on the Policy Value and on the Policy Debt, if any. Your ability to take partial withdrawals or loans and to repay Policy Debt continue. Upon the death of the Insured, We will calculate and pay the Death Benefit Proceeds as described in the "DEATH BENEFIT" section of this Policy. If the Policy remains in force after the date that the Insured attains the Age 121, this Policy may not qualify as life insurance under the Code. If you choose to continue the Policy under this provision, you should consult your personal tax advisor, as there may be adverse tax consequences. ACCESSING POLICY VALUES Right to Make Loans/Policy Debt: A loan can be made prior to the Insured's death and while the Policy is in force and the Policy has Surrender Value greater than zero. A loan can be a standard loan or a carryover loan. After the first Policy Anniversary, standard loans can be made on the Policy. However, the Policy must be properly assigned to the Company before any policy loan is made. No other collateral is needed. Any policy loan must be for at least a minimum loan amount of $500. The Company may delay making any policy loan from the Fixed Account for up to six months. The Company refers to all outstanding loans plus accrued interest as Policy Debt. The most the Owner can borrow is an amount that equals 90% of the Cash Value of the Policy, and this amount is reduced by any Policy Debt on the date the loan request is received.
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CONTINUATION OF INSURANCE. If this Policy is in force on the date that the Insured attains age 121, no additional premium payments will be accepted and the Monthly Deduction will cease. The Policy will remain in force. Interest will continue to accrue on the Policy Value and on the Policy Debt, if any. Your ability to take partial withdrawals or loans and to repay Policy Debt continue. Upon the death of the Insured, we will calculate and pay the Death Benefit Proceeds as described in the “DEATH BENEFIT” section of this Policy. If the Policy remains in force after the date that the Insured attains the Age 121, this Policy may not qualify as life insurance under the Code. If you choose to continue the Policy under this provision, you should consult your personal tax advisor, as there may be adverse tax consequences.
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CONTINUATION OF INSURANCE. COVERAGE: Temporary Lay-off: An insured, temporarily laid-off employee will be covered by insurance benefits at no cost until the end of the month in which the layoff occurs. If a temporarily laid-off employee desires to continue the insurance, all coverage's, except weekly disability benefits, may be continued for a period not to exceed six (6) months, providing the laid-off employee makes the first premium payment in full for the following month within seven (7) days from the date of the layoff, or the first of the following month, whichever occurs first.
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CONTINUATION OF INSURANCE. COVERAGE: Temporary Lay-off: An insured, temporarily laid-off employee will be covered by insurance benefits at no cost until the end of the month in which the layoff occurs. ATTACHED TO AND MADE PART OF AGREEMENT BETWEEN WELLS-GARDNER ELECTRONICS CORPORATION AND LOCAL 1031, INTERNATIXXXX XXXXXXXXOOD OF ELECTRICAL WORKERS, AFL-CIO, FOR PERIOD JULY 3, 2000 UNTIL JUNE 29, 2003. APPENDIX "B" (CONT'D) If a temporarily laid-off employee desires to continue the insurance, all coverages, except weekly disability benefits, may be continued for a period not to exceed six (6) months, providing the laid-off employee makes the first premium payment in full for the following month within seven (7) days from the date of the layoff, or the first of the following month, whichever occurs first.
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Related to CONTINUATION OF INSURANCE

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Continuation Coverage means the temporary continuation of PEBB benefits available to enrollees under the Consolidated Omnibus Budget Reconciliation Act (COBRA), 42 U.S.C. Secs. 300bb-1 through 300bb-8, the Uniformed Services Employment and Reemployment Rights Act (USERRA), 38 U.S.C. Secs. 4301 through 4335, or the public employees benefits board's policies.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • Assignment of Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Certificate of Insurance means a document showing that an insurance policy has been written and includes a statement of the coverage of the policy.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a resident licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Evidence of Insurability means a statement of proof of your medical history upon which acceptance for insurance will be determined by Lincoln.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Credit unemployment insurance means insurance:

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Termination of irradiation means the stopping of irradiation in a fashion which will not permit continuance of irradiation without the resetting of operating conditions at the control panel.

  • Reimbursement insurance policy means a policy of insurance

  • Group of insurers means those licensed insurers included in the reporting requirements of chapter 13, or a set of insurers as identified by management, for the purpose of assessing the effectiveness of internal control over financial reporting.

  • Casualty insurance means liability insurance.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.