First Dollar definition

First Dollar means coverage for first dollar losses, not contingent to alternate coverage (for example, an NFIP policy).
View Source
First Dollar means that you do not have to satisfy a Deductible before Benefits are provided.
View Source
First Dollar means that you do not have to satisfy a deducti- ble before Benefits are provided.
View Source

Examples of First Dollar in a sentence

  • Employer acknowledges and agrees that Claim Administrator shall have no fiduciary obligation with respect to the directions to provide First Dollar Coverage.

  • Notwithstanding any other provision of this Agreement, Employer shall indemnify and hold harmless (and upon request defend) Claim Administrator against claims brought by any employees of Employer, participants in any benefit plan provided by Employer, or any governmental agency, in connection with or arising out of, directly or indirectly of the First Dollar Coverage.

  • This Benefit is known as “First Dollar Coverage.” After the maximum number of visits under the First Dollar Coverage benefit is reached by a Member, subsequent office visits in the same Calendar Year are subject to the Calendar Year Integrated Medical and Pharmacy Deductible.

  • BASIS: yy% on a First Dollar Quota Share basis to the maximum Automatic Acceptance Limits stated in Exhibit E.

  • EXHIBIT E THE REINSURER'S AUTOMATIC ACCEPTANCE LIMITS The Reinsurer will automatically accept the First Dollar Quota Share of each policy, as specified in Exhibit A, up to the following maximum limits on a per life basis as set forth in Exhibit C-1: INFORCE LIMITS The are no inforce limits for U.S. and Canadian Residents.

  • BASIS OF REINSURANCE First Dollar Quota Share on policies with face amounts less than $2,000,001 and Excess of retention.

  • First Dollar Quota Share (FDQS) – An Agreement which provides that a fixed percentage of each Risk issued, will be reinsured Flat Extra – An additional premium amount per $1,000 of insurance that is charged to cover any extra hazard or special risk such as aviation or hazardous activities as assessed by the underwriter of the policy application.

  • The parties acknowledge and agree that Seller's First Dollar Damages or first dollar Damages incurred by seller(s) under the JV Purchase Agreement shall not count toward or be applied against the Indemnification Threshold provided for in this Section 6.01(b).

  • It is understood that for policies previously reinsured with another reinsurer or fully retained by the Company which convert to a plan covered under this Agreement, the policy arising from the conversion shall be reinsured on a First Dollar Quota Share as specified in Exhibit A.

  • The Reinsured Net Amount at Risk is the Policy Net Amount at Risk times the Reinsurer’s Automatic First Dollar Quota Share specified in Exhibit B.

Related to First Dollar

  • Dollar and “$” mean lawful money of the United States.

  • Canadian Dollar means the lawful currency of Canada.

  • Euro-Dollar Rate means a rate of interest determined pursuant to Section 2.06(b) on the basis of a London Interbank Offered Rate.

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Singapore Dollar and “S$” mean the currency of Singapore;