Conversion policy definition

Conversion policy means a policy providing coverage under the conversion provisions required in Chapter 22, Part 7, Group Accident and Health Insurance.
Conversion policy means a policy providing coverage under the conversion
Conversion policy or "Conversion Contract") shall mean (i) such MONY life insurance and/or annuity contracts as MONY is obligated to make available to such owners and (ii) such other life insurance and/or annuity contracts issued by MONY and/or any of its affiliated insurance companies. The Wholesale Servicer shall have the exclusive right to distribute Conversion Policies and Contracts to the Brokers-of-Record and each Broker-of-Record shall have the exclusive right offer to sell Conversion Policies and Contracts to its customers who are the owners of the MONY Policies and Contracts. The MONY Parties shall not offer Conversion Policies and Contracts directly to the owners of the MONY Policies and Contracts or authorize, permit or pay compensation or other sums to any other retail or wholesale insurance agent, insurance agency and/or broker/dealer in connection with the sale of Conversion Policies and Contracts to the owners of the MONY Policies and Contracts. The Wholesale Servicer will provide wholesale level services, including payment of compensation, with respect to all Conversion Policies and Contracts sold to the owners of the MONY Policies and Contracts in accordance with the terms and conditions of this Agreement (and the term "MONY Policies and Contracts" shall include Conversion Policies and Contracts for such purposes), and the Brokers-of-Record will be permitted to continue to service the Conversion Policies and Contracts pursuant to the In-Force Retail Sales Agreement. The MONY Parties will pay first year and renewal compensation to the Wholesale Servicer on all Conversion Policies and Contracts sold to owners of MONY Policies and Contracts that is consistent with the commission paid by the MONY Parties in accordance with their then-current practice, provided that, in the case of Conversion Policies and Contracts issued by an affiliated insurance company of MONY, the Wholesale Servicer shall receive from such affiliated insurance company compensation consistent with the commission paid by such affiliated insurance company of MONY in accordance with its then-current practice and the Wholesale Servicer shall enter into selling agreement with such affiliated insurance company providing protections to such affiliated insurance company that will issue the Conversion Policy or Contract substantially similar to the protections provided to MONY hereunder; provided that such selling agreement shall also include obligations of such affiliated insurance company substanti...

Examples of Conversion policy in a sentence

  • Q: What is my policy effective date?A: The effective date of a Life Conversion policy is the 32nd day following the group coverage termination date.

  • Premiums for a Life Conversion policy are substantially higher than your Employer Group plan rates.PortabilityUnder the Portability option you may obtain a group life insurance policy to continue 100%, 75%, or 50% of the amount of life insurance coverage (Basic, Supplemental, or both) you had under your Group plan up to a maximum amount, generally$250,000 depending upon the provisions of your Group plan.

  • Conversion policy effective date The individual policy will take effect at the end of the 31 days allowed for conversion.

  • Each January, employees may convert up to 30 hours of total combined leave balances to reimburse for eligible medical expenses under the same rules as the existing Sick Leave Conversion policy as long as the employee’s balance does not fall below 350 hours of total combined leave balances..

  • Each January, employees may convert up to 30 hours of total combined leave balances to reimburse for eligible medical expenses under the same rules as the existing Sick Leave Conversion policy as long as the employee’s balance does not fall below 350 hours of total combined leave balances.

  • The effective date of Portability, or a SAAD&D Conversion policy is the day following the group coverage termination date.

  • Each January, employees may convert up to 30 hours of total combined leave balances to reimburse for eligible medical expenses under the same rules as the existing Sick Leave Conversion policy as long as the employee’s balance does not fall below 160 hours of total combined leave balances.

  • With such a juridical background, the LP2B has two development perspectives: 1) spatial perspective because relating to space and 2) sectoral perspectives due to the agricultural sector domain.Sectorally, the law has statutorily expounded into four PPs: (1) PP Number 1/2011 on the Determination and Conversion policy of LP2B; (2) PP Number 12/2012 on LP2B Protection Incentives; (3) PP Number 25/2012 on LP2B Information Systems, and (4) PP Number 30/2012 on Financing on LP2B Protection.

  • Each January, employees may convert up to 30 hours of total combined leave balances at the regular rate of pay to reimburse for eligible medical expenses under the same rules as the existing Sick Leave Conversion policy as long as the employee’s balance does not fall below 160 hours of total combined leave balances.

  • These plans will only be offered upon request to Aetna’s group policyholders who lost group coverage and qualify for a Conversion policy.


More Definitions of Conversion policy

Conversion policy means a policy providing coverage under the conversion provisions required in Title 31A, Chapter 22, Part VII, Group [Disability] Accident and Health Insurance.

Related to Conversion policy

  • Cancellation Policy Day tour cancellations are accepted by phone, mail, or email to xxxxxxx.xxxxxxxxxx@xxxxxxx.xxx. Refunds will be provided within 30 days from the date of cancellation. The following cancellation penalties apply:

  • Collection Policy means the collection policies of the Seller/Servicer, which are the practices and procedures employed in the servicing of Receivables as of the Closing Date, as described in Exhibit E hereto.

  • Valuation Policy has the meaning assigned to such term in Section 5.12(b)(ii)(B).

  • 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 Plan shall have the meaning given to such term in Section 2.05 of this Agreement.

  • Allocation Policy means the allocation policy of the Company adopted by the Managing Member in accordance with Section 5.1.

  • Conversion Schedule means the Conversion Schedule in the form of Schedule 1 attached hereto.

  • Order Execution Policy means the Brooks Macdonald policy explaining the steps taken to provide best execution in accordance with the FCA Rules.

  • Support Policy shall have the meaning given to it in the Support Terms (defined below).

  • Best Execution Policy means the Company’s prevailing policy available at the Company’s Website regarding best execution when executing client orders;

  • Credit and Collection Policy means Seller’s credit and collection policies and practices relating to Contracts and Receivables existing on the date hereof and summarized in Exhibit VIII hereto, as modified from time to time in accordance with this Agreement.

  • Trading Policy means the Company’s policy permitting certain individuals to sell Company shares only during certain “window” periods and/or otherwise restricts the ability of certain individuals to transfer or encumber Company shares, as in effect from time to time.

  • Underwriting Policy means an underwriting policy approved by Our board of directors;

  • Credit Policy means the “New Jersey Infrastructure Bank Credit Policy,” as adopted by the Board of Directors of the I-Bank and as further amended and supplemented from time to time.

  • Forced Conversion shall have the meaning set forth in Section 6(d).

  • Credit and Collection Policies or “Credit and Collection Policy” means the policies, practices and procedures adopted by the Issuer on the Closing Date, including the policies and procedures for determining the creditworthiness of Obligors and the extension of credit to Obligors, or relating to the maintenance of those types of receivables and the related equipment and collections on those types of receivables and the related equipment.

  • Modification Guidelines has the meaning provided in Section 2.1(a) of this Single Family Shared-Loss Agreement.

  • Underwriting Guidelines The underwriting guidelines of the Seller, a copy of which is attached as an exhibit to the related Assignment and Conveyance.

  • Insider Trading Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Variable Conversion Price means the lesser of (i) the Conversion Price or (ii) 25% multiplied by the Market Price (as defined herein) (representing a discount rate of 75%). “Market Price” means the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the closing bid price on the Over-the-Counter Market, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded, provided, however, that at no time, notwithstanding the occurrence of an Event of Default, may the Conversion Price be less than par value of Common Stock.

  • Medicare supplement policy means a group or individual policy of [accident and sickness] insurance or a subscriber contract [of hospital and medical service associations or health maintenance organizations], other than a policy issued pursuant to a contract under Section 1876 of the federal Social Security Act (42 U.S.C. Section 1395 et. seq.) or an issued policy under a demonstration project specified in 42 U.S.C. § 1395ss(g)(1), which is advertised, marketed or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare. “Medicare supplement policy” does not include Medicare Advantage plans established under Medicare Part C, Outpatient Prescription Drug plans established under Medicare Part D, or any Health Care Prepayment Plan (HCPP) that provides benefits pursuant to an agreement under §1833(a)(1)(A) of the Social Security Act.

  • Investment Guidelines means the investment guidelines approved by the Board, a copy of which is attached hereto as Exhibit A, as the same may be amended, restated, modified, supplemented or waived pursuant to the approval of a majority of the entire Board (which must include a majority of the Independent Directors).

  • Company Conversion Price means, the lower of (i) the applicable Conversion Price and (ii) that price which shall be computed as ninety five percent (95%) of the lowest Volume Weighted Average Price of the Common Stock during the fifteen (15) consecutive Trading Days immediately preceding the applicable Installment Date. All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction.

  • Investment Policy means the investment policy from time to time determined by the Commission under the Rules;

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.