Converted Policies definition

Converted Policies means any life insurance policies that were or are insured, managed or reinsured by Accordia, its parent, or any affiliated companies and were converted or scheduled to be converted to Alliance-One’s administrative systems on or around either August 1, 2015 (“Wave 1 Converted Policies”) or January 1, 2016 (“Wave 2 Converted Policies”) to be administered by Alliance-One. This does not include policies administered or reinsured by Accordia or its affiliates that were issued by a company other than Accordia, Athene, or either of their affiliates, subsidiaries, predecessors or assigns.
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Converted Policies means any life insurance policies that were or are insured, managed or reinsured by Accordia, its parent, or any affiliated companies and were transferred for administration to Alliance-One’s policy administration system on or around either August 1, 2015 (Wave 1) or January 1, 2016 (Wave 2).
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Converted Policies. Business shall mean the business relating to the Old Version Policies which, for conversion purposes, shall be treated as surrenders or withdrawals first so that they can be converted on a favorable term, using the actual benefits received from such surrenders or withdrawals as single payment premium for products that have their terms approved by or filed with the CIRC on or after June 10, 1999. Non-transferred policies shall mean all the policies that are insured or reinsured by Party A, including stand-alone policies and riders supplemental to policies, which are still performing or are not being performed but can be reinstated and are other than Transferred Policies (as defined in the Restructuring Agreement).
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Examples of Converted Policies in a sentence

  • If we issued this Policy as the conversion of two or more older Fidelity Investments Life Insurance Company term life insurance policies ("Converted Policies") on the lives of the Insureds, we will use the lowest Face Amount and the most recent Issue Date from among the Converted Policies as the Issue Date and original Face Amount of this Policy for purposes of the incontestability and suicide provisions in this section.

  • Any Premiums, including and Back Premium Payments, owed will be deducted from any valid death benefit.• Defendants are conducting, through the outside neutral third party Ernst & Young, an Independent Policy Testing Plan, of the Converted Policies designed to ensure the all Conversion-Related Issues have been addressed.

  • Defendants will enhance the level of detail in commission statements for Converted Policies to more closely match the level of detail in commission statements for New Business Polices.

  • If we issued this Policy as the conversion of two or more older Empire Fidelity Investments Life Insurance Company term life insurance policies ("Converted Policies") on the lives of the Insureds, we will use the lowest Face Amount and the most recent Issue Date from among the Converted Policies as the Issue Date and original Face Amount of this Policy for purposes of the incontestability and suicide provisions in this section.

  • The Settlement Class Period begins on one of three dates: (i) May 1, 2014 (the date Accordia began issuing new policies) for agents associated with New Business Policies; (ii) August 1, 2015 for agents associated with Converted Policies converted to the Alliance-One system during Wave 1; and (iii) January 1, 2016 for agents associated with Converted Policies converted during Wave 2.


More Definitions of Converted Policies

Converted Policies. Business shall mean the business relating to the Old Version Policies which, for conversion purposes, shall be treated as surrenders or withdrawals first so that they can be converted on a favorable term, using the actual benefits received from such surrenders or withdrawals as single payment premium for products that have their terms approved by or filed with the CIRC on or after June 10, 1999.
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Related to Converted Policies

  • Exchange Policies means the policies, bylaws, rules and regulations of the Exchange governing the granting of options by the Company, as amended from time to time;

  • D&O Policies has the meaning set forth in Section 8.06.

  • Permitted Policy Amendment is an amendment, modification, termination or restatement of the Investment Policies, that is either (a) approved in writing by the Administrative Agent (with the consent of the Required Lenders), (b) required by applicable law or Governmental Authority, or (c) not material.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Shared Policies has the meaning set forth in Section 8.1(b).

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Sponsored captive insurance company means a captive insurance company:

  • exchange policy means Exchange Policy 4.6 - Public Offering by Short Form Offering Document and Exchange Form 4H - Short Form Offering Document, of the TSX Venture Exchange as amended from time to time;

  • Eligible surplus lines insurer means a nonadmitted insurer with which a surplus lines

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Policies shall have the meaning specified in Section 6.1(b) hereof.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Lapsed Policy means a Policy which has not acquired the Surrender Value and where the due Premium has not been received till the expiry of the Grace Period.

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

  • 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.

  • Applicable Policies means the policies, bylaws, directives, regulations, guidelines, codes of conduct, rules, systems and procedures of AHS listed in Schedule “F” attached.

  • Mandatory Policies means the University’s policies listed in Schedule 3 (Mandatory Policies).

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • City Policies means any or all (as the context requires) of those procedures, standards and/or standard specifications, requirements, policies and the like listed in Schedule H or notified to the Supplier from time to time, as the same may be updated, modified, expanded, revised, supplemented and/or replaced from time to time by the City (as notified to the Supplier);

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • Parent Equity Awards means Parent Options, Parent DSU Awards and Parent PSU Awards.

  • Parent Equity Plans means all employee and director equity incentive plans of Parent and agreements for equity awards in respect of Parent Common Stock granted under the inducement grant exception.

  • Investment Policies means the investment objectives, policies, restrictions and limitations set forth in the “BUSINESS” section of its Registration Statement, and as the same may be changed, altered, expanded, amended, modified, terminated or restated from time to time.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).