Current Policy Year definition

Current Policy Year means the Policy Year that an insurance event or transaction is taken place under the Provisions of this policy.
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Examples of Current Policy Year in a sentence

  • Trended B/L EP @ Current Policy Year 98 trend period 1/1/99 – 1/1/04 = 5 years (assuming rates in effect one year) Freq * severity = 0.99 * 1.05 = 1.0395 Projected weighted loss ratio = .2*(1.214) + .3*(0.779) + .5*(0.842) = 0.8975 b.

  • The Cash Collateral for the Current Policy Year is estimated to be $1,592,180.00.

  • For both the Prior Policy Year and the Current Policy Year, GIC has required and the Shareholder or the Insured has provided or shall provide maximum cash collateral (the “Cash Collateral”) equal to twenty percent (20%) of the Premium for each Policy Year (referred to herein as the “Overall Aggregate Limit”).

  • The Collateral Account shall be credited with Net Ceded Premium for the First Policy Year, Net Ceded Premium to be paid during the Current Policy Year, and all investment income attributed to SP110.

  • The insurance policies for the Current Policy Year to be issued by GIC to the Insured and its affiliates and client companies will contain a $75,000.00 deductible per occurrence (the “Within the Deductible Claims”).

Related to Current Policy Year

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Fuel Cost Policy means the document provided by a Market Seller to PJM and the Market Monitoring Unit in accordance with PJM Manual 15 and Operating Agreement, Schedule 2, which documents the Market Seller’s method used to price fuel for calculation of the Market Seller’s cost-based offer(s) for a generation resource.

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

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • Procurement Policy Board or “PPB” shall mean the board established pursuant to Charter § 311 whose function is to establish comprehensive and consistent procurement policies and rules which have broad application throughout the City.

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

  • 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.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Policy Date means the date on which the Search Report was prepared.

  • Resettlement Policy Framework or “RPF” means the resettlement policy framework adopted by the Recipient on January 20, 2011, setting forth, inter alia, a brief description of the Project and components for which land acquisition and Resettlement are required, the principles and objectives governing Resettlement preparation and implementation, and a description of the process for preparing and approving site-specific Resettlement Action Plans.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Policy Period means the period commencing from effective date and hour as shown in the Policy Schedule and terminating at midnight on the expiry date as shown in the Policy Schedule.

  • Risk Management Policy means the Risk Management Policy of the Borrower in effect on the date of this Agreement as amended from time to time.

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.

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

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Business Week means five consecutive Business Days, excluding Public Holidays as defined in the Public Holidays Act;

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Business Travel Policy means our business travel policy. A copy of our current Business Travel Policy is attached as Schedule 1 to Exhibit B.

  • Insurance Schedule means Schedule 3 attached hereto.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • Energy year or "EY" means the 12-month period from June 1st

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Rates Policy means the policy on the levying of rates on rateable properties of the Nquthu Municipality, contemplated in chapter 2 of the Municipal Property Rates Act.