Disability income policy definition

Disability income policy means, for the purposes of this regulation, a policy that provides periodic payments to replace income lost when the insured is unable to work as the result of a sickness or injury.
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Disability income policy means, for the purposes of this regulation, a policy that provides periodic payments to replace income lost when the insured is unable to work as the result of a sickness or injury. Disability income policies cannot include annual doctor visits or outpatient coverage. If additional benefits are provided, they must be fully disclosed and properly labeled. Group disability income policies must comply with § 10-16-214(3)(c), C.R.S. Additional requirements are also addressed under Section 7 of this regulation.
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Disability income policy means a policy that provides periodic payments to replace income lost when the insured is unable to work as the result of a sickness or injury.
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Examples of Disability income policy in a sentence

  • A Disability income policy shall provide a benefit for at least Total Disability.

  • At the insurance company’s option, a Disability income policy or certificate may or may not provide coverage for Disabilities in addition to a required benefit for Total Disability.

  • REQUIRED TOTAL DISABILITY BENEFIT (1) A Disability income policy or certificate shall provide a benefit for at least Total Disability.

  • Disability income policy reserves are generally calculated using the two year preliminary term, net level premium and fixed net premium methods, and actuarially accepted morbidity tables using the 1964 Commissioners’ Disability Table and the 1985 Commissioners’ Individual Disability Table A with assumed interest rates in accordance with applicable statutes and regulations.

  • At the insurance company’s option, a Disability income policy or certificate may or may not provide coverage forDisabilities in addition to a required benefit for Total Disability.


More Definitions of Disability income policy

Disability income policy means a policy of insurance under which an amount is payable as a replacement of income in the event of the disablement of the insured by accident or sickness.
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Disability income policy means, for the purposes of this regulation, a policy that provides periodic payments to replace income lost when the insured is unable to work as the result of a sickness or injury. Disability income policies cannot include annual doctor visits or outpatient coverage. If additional benefits are provided they must be fully disclosed and properly labeled. Short-term disability coverages must be filed separately from long-term disability income coverages. Group Disability Income policies must comply with §10-16-214(3)(C), C.R.S. Additional requirements are also addressed under Section 7 of this regulation.
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Disability income policy means the disability insurance policies covering and owned by any Participant under this Plan.
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Disability income policy means a group or individual insurance policy that provides for payments to the insured to replace income lost from accident or sickness]Terms used in this rule are defined in Section 31A-1-301.
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Disability income policy means a group or individual insurance policy that provides for payments to the insured to replace income lost from accident or sickness.
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Related to Disability income policy

  • Disability means total and permanent disability as defined in Section 22(e)(3) of the Code.

  • Disability retirement for plan 1 members, means the period

  • Disability allowance means monthly payments during

  • Long-Term Disability means the Grantee is receiving long-term disability benefits under the Employer’s long-term disability plan.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Accidental disability means a physical or mental condition that

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • disability living allowance means a disability living allowance under section 71 of the SSCBA;

  • Recurrent Disability means a Disability caused by an Injury or Sickness that is the same as, or related to, the cause of a prior Disability for which Monthly Benefits were payable. A Recurrent Disability will be treated as follows.

  • Pregnancy disability means a pregnancy-related medical condition or miscarriage.

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.

  • Disability Date means the date on which a Participant is deemed disabled under the employee benefit plans of the Corporation applicable to the Participant.

  • Disability Effective Date means the date on which termination of employment becomes effective due to Disability.

  • Disability/Disabled means because of Injury or Sickness you are unable to perform the material duties of your Regular Occupation, or are receiving disability benefits under the Employer's plan, during the initial 9 months of Disability. Thereafter, you must be unable to perform all of the material duties of any occupation which you may reasonably become qualified based on education, training or experience, or are subject to the terms of a Rehabilitation Plan approved by the Insurance Company.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Total Disability means a “permanent and total disability” within the meaning of Section 22(e)(3) of the Code and such other disabilities, infirmities, afflictions or conditions as the Committee by rule may include.

  • Life insurance means contracts that incorporate mortality risk, including annuity and pure endowment contracts, and as may be specified in the valuation manual.

  • Life Insurance Policy has the meaning given in Section 6.11.

  • Specific learning disability (SLD) means a heterogeneous group of conditions wherein there is a deficit in processing language, spoken or written, that may manifest itself as a difficulty to comprehend, speak, read, write, spell, or to do mathematical calculations and includes such conditions as perceptual disabilities, dyslexia, dysgraphia, dyscalculia, dyspraxia and developmental aphasia.

  • Disability Benefit means the benefit set forth in Article 8.

  • Accidental death and dismemberment insurance or "AD&D" means basic accidental death and dismemberment (AD&D) insurance paid for by the employing agency, as well as supplemental accidental death and dismemberment insurance offered to and paid for by employees for them- selves and their dependents.

  • Qualified individual with a disability means an individual with a disability who satisfies the requisite skill, experience, education and other job-related requirements of the employment position such individual holds or desires, and who, with or without reasonable accommodation, can perform the essential functions of such position.

  • Short-Term Disability means short-term disability as defined in the Corporation’s short-term disability plan.

  • Permanent and Total Disability means any medically determinable physical or mental impairment rendering an individual unable to engage in any substantial gainful activity, which disability can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.