Conversion of coverage definition

Conversion of coverage means a policy provision entitling an insured, without establishing insurability, to have the group insurer issue a converted (i.e., an individual) policy upon termination of the group coverage for any reason, including discontinuance of the policy in its entirety or with respect to an insured class. The right to conversion may be subject to the condition that the insured be covered under the group policy (or in combination with a group policy it replaced) continuously for at least six months prior to the termination.
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Conversion of coverage means a provision that an individual whose coverage under the group policy would otherwise terminate or has been terminated for any reason, including discontinuance of the group policy in its entirety or with respect to an insured class, is entitled to the issuance of a converted policy by the insurer, without evidence of insurability, if the individual was continuously insured under the group policy or another group policy that it replaced six months immediately before termination.
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Examples of Conversion of coverage in a sentence

  • Rejection RightsWestCOG reserves the right to reject any and all qualifications statements received in response to this RFQ.

  • Conversion of coverage within 31 days after issuance of the written notice required in subsection C of this section, but in no event beyond the 60-day period following the date of termination of the enrollee's coverage under the group contract, to an individual contract that provides benefits which, at a minimum, meet the requirements of basic or limited health care services as applicable, in accordance with this chapter.

  • Conversion of coverage into a similar plan, without the requirement for medical history, is available within 31 days of termination.

  • Less than age but less than The last day of the month in which you turn but not less than year year OTHER FEATURES: Continuity of coverage upon transfer of insurance carriers Conversion of coverage may be available upon employment termination Noncontributory coverage GROSS DISABILITY PAYMENT means the benefit amount before UNUM subtracts deductible sources of income and disability earnings.

  • Conversion of coverage within 31 days after termination of the enrollee’s coverage under the group contract, to an individual contract that provides ] benefits which, at a minimum, meet the requirements of basic or limited health care services as applicable, in accordance with this chapter.

  • As Mumba (2014: 12) have argued, “questions surrounding who CSOs are accountable to tend to work against them in providing effective checks and balances and also in their attempt to influence public policy debates.” There is an acknowledged lack of framework for how CSOs can be accountable to those who they claim to represent – the intended beneficiaries usually have little insight into financial, administrative, and decision making matters in the organizations.

Related to Conversion of coverage

  • Conversion building means a building that at any time before creation of the common interest community was occupied wholly or partially by persons other than purchasers and persons who occupy with the consent of purchasers.

  • Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

  • Certificate of Amalgamation means the certificate of amalgamation to be issued by the Director in respect of the Amalgamation;

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where:

  • Write-Down and Conversion Powers means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

  • Conversion/Continuation Notice is defined in Section 2.9.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Conversion condominium means a condominium containing structures which before the recording of the declaration, were wholly or partially occupied by persons other than those who have contracted for the purchase of condominium units and those who occupy with the consent of such purchasers.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.