Group Life Insurance and Accidental definition

Group Life Insurance and Accidental. Means Death and Dismemberment insurance as currently provided through Reliance Standard Life, each equal to one and one half (1 1/2) times the teacher's Schedule A annual salary to the nearest $1,000. Teachers can elect to take a maximum of $50,000 of this benefit. The Association agrees to indemnify and save the Board harmless against any and all claims, demands, costs, suits, or other forms of liability and all court, administrative agency, and legal costs which may arise out of, or by reason of, action taken by the Board for the purpose of complying with this provision.
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Examples of Group Life Insurance and Accidental in a sentence

  • The group life insurance and accidental death and dismemberment group benefit plan provision shall be as follows: The Employer shall pay one hundred percent (100%) of the monthly benefit plan premium for the Group Life Insurance and Accidental Death and Dismemberment Plan.

  • Subject to the benefit plan carrier requirements, the Group Life Insurance and Accidental Death and Dismemberment Plan shall provide life insurance in the amount of one (1) times the Employee’s annual earnings to a maximum of $200,000.

  • The Board shall pay 100% of the premium cost of a mutually acceptable Group Life Insurance and Accidental Death and Dismemberment Plan.

  • The Board shall pay one hundred percent (100%) of the premium cost of Group Life Insurance and Accidental Death & Dismemberment coverage.

  • Eligibility periods for health, disability and life insurance benefits are as follows: • Basic Medical and Extended Health Insurance: effective the first day of the month coincident with or next following the faculty member’s date of employment • Dental, Short Term Disability, Long Term Disability, Group Life Insurance and Accidental Death and Dismemberment: effective the first day of the month coincident with or next following the faculty member’s date of employment.

  • The Board agrees to pay 100% of the premium cost in the Group Life Insurance and Accidental Death and Dismemberment plans for Teachers.

  • Where an employee(s) has been granted a Long Leave by the Employer and has made arrangements to pay both their share and the Employer’s share of the benefit premiums (Medical Services Plan, Extended Health, Dental, Group Life Insurance, and Accidental Death and Dismemberment) and the benefit carrier agrees to continue coverage for the employee during the time the employee is on leave, the Employer shall make arrangements to continue the coverage for the period of the leave.

  • Those active Employees enrolled in Medical, Dental, Extended Health, Group Life Insurance and Accidental Death and Dismemberment Insurance who drop below the specified annual benefit threshold may elect to continue benefits, even though his or her annual earnings drop below the threshold, provided the Employee pays to the University, in advance by post-dated cheques, the full premiums for the fiscal year (April 1 to March 31).

  • SBSRI policies for collaboration and access to services must be structured in a manner that facilitates and encourages participation (e.g., affordable cost of services, not interfering with F&A allocated to home departments/units and investigators).

  • The Employer shall pay the full cost of the premium for Group Life Insurance and Accidental Death and Dismemberment Plan for all full-time and part-time Employees, providing a schedule of benefits equivalent to one and one-half (1.5) times an Employee's annual salary.

Related to Group Life Insurance and Accidental

  • 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.

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

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

  • 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.

  • 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.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • 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.

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

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

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • 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;

  • Health insurance issuer means an insurance company, or insurance organization (including a health

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

  • Health insurance policy means a policy that provides specified benefits for hospital and/or general treatment and meets all requirements under section 63-10 of the Private Health Insurance Act 2007.

  • Credit unemployment insurance means insurance:

  • Health insurance plan means any health insurance policy or health benefit plan offered by a health insurer or a subcontractor of a health insurer, as well as Medicaid and any other public health care assistance program offered or administered by the State or by any subdivision or instrumentality of the State. The term includes vision care plans but does not include policies or plans providing coverage for a specified disease or other limited benefit coverage.

  • Credit accident and health insurance means insurance on a debtor to provide

  • Reimbursement insurance policy means a policy of insurance

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

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

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

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.