First Life Assured definition

First Life Assured means the person named as the First Life Assured in the Schedule whose life is assured under this Policy, and who is the Policyholder.
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First Life Assured means the person who is specified in the Policy Schedule as being the First Life Assured.
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Examples of First Life Assured in a sentence

  • Nevertheless, as described below, it concluded that UK transferees could be sent there subject to specific safeguards.

  • ATPD) of the First Life Assured, and will waive the due premiums of the Second Life assured.

  • If the First Life Assured has pre-deceased the Second Life Assured, the Policy will, immediately and automatically, terminate on the date of death of the Second Life Assured.

  • The words used in this chapter shall have the meanings commonly associated with them.

  • ATPD) or on the date of Death of the First Life Assured, whichever is earlier, all future premiums due under the policy will be waived and both WOPB-I & WOPB-II cover will terminate immediately and automatically.• Waiver of Premium Benefit on CI (incl.

  • ATPD) whichever is earlier, on the First Life Assured, all future premiums due under the policy with respect to the First Life Assured will be waived and WOPB-I cover will terminate immediately and automatically• Waiver of Premium Benefit on CI (incl.

  • If the First Life Assured has not pre-deceased the Second Life Assured, the Death Benefit on the First Life Assured will be continued for Sum Assured on Death with respect to the First Life Assured, subject to the receipt of the due Premiums with respect to the First Life Assured.

  • The risk cover with respect to the First Life Assured will immediately terminate.

  • If the Second Life Assured has not pre-deceased the First Life Assured: {1} The Death Benefit on the Second Life Assured will be continued for Sum Assured on Death with respect to the Second Life Assured, subject to the receipt of the due Premiums with respect to the Second Life Assured which would be recalculated on the individual life basis.

  • The Premiums waived will be those with respect to the life of the First Life Assured.

Related to First Life Assured

  • Life Assured means the person named as the Life Assured in the Schedule whose life is assured under this Policy.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Insurance premium finance company means a person engaged in the business of

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Active life of a facility means the period from the initial receipt of hazardous waste at the facility until the Agency receives certification of final closure.

  • Domestic limited liability company means an entity that is an unincorporated association having one or more members and that is organized under ORS chapter 63.

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Alternative living arrangement means a structure in which households live in distinct bedrooms, yet share kitchen and plumbing facilities, central heat and common areas. Alternative living arrangements include, but are not limited to: transitional facilities for the homeless; Class A, B, C, D and E boarding homes as regulated by the State of New Jersey Department of Community Affairs; residential health care facilities as regulated by the New Jersey Department of Health; group homes for the developmentally disabled and mentally ill as licensed and/or regulated by the New Jersey Department of Human Services; and congregate living arrangements.

  • Bank Holding Company means a company registered as such with the Board of Governors of the Federal Reserve System pursuant to 12 U.S.C. §1842 and the regulations of the Board of Governors of the Federal Reserve System thereunder.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • CAFA means the Class Action Fairness Act of 2005, 28 U.S.C. §§ 1711–1715.

  • Preschool age child means a child age three through five not yet attending kindergarten. If a child is older than age five and not attending kindergarten or a higher grade, OCCL considers that child in the preschool-age group.

  • ESBD means the Electronic State Business Daily, the electronic marketplace where State of Texas bid opportunities over $25,000 are posted. The ESBD may currently be accessed at http://www.txsmartbuy.com/sp.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Sponsored captive insurance company means a captive insurance company:

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);