Guarantee issue definition

Guarantee issue means the amount of coverage you can purchase without answering proof of good health questions. Guarantee Issue amounts apply to timely eligible applicants. A timely applicant is one who applies for coverage within 41 days from the date that all eligibility requirements are met. If you decline Voluntary Life coverage, you may be required to provide proof of good health to become insured.
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Guarantee issue means that health benefits coverage must be offered to an individual regardless of the individual’s health status, preexisting condition, or claims history.
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Guarantee issue means Medicare Supplement policy that is not subject to medical underwriting due to involuntary disenrollment from group health plans, disenrollment from Medicare Advantage plans under certain circumstances and other situations separate from Open Enrollment as specified by state regulation
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Examples of Guarantee issue in a sentence

  • For any newly eligible employee, the Optional Employee Life has a guarantee issue* enrollment amount of up to $200,000 and Optional Spouse/Domestic Partner Life has a guarantee issue* enrollment amount of up to $30,000 without needing to submit a medical history** to The Standard Insurance Company underwriting for approval.You can find a link to the Medical History Statement on the OEBB website at: http://www.oregon.gov/oha/OEBB/Pages/Forms.aspx* Guarantee issue, medical history is not required.

  • Guarantee issue for employees is two (2) times annual base salary and for spouse/civil union partner is $50,000.

  • Guarantee issue up to and including $100,000 for supplemental life insurance.

  • For each pair, we computed the set of events Ei ∪Ej, and then drew |Ei|+|Ej| items from this set without replacement.

  • A reputable Bank carrying out business within Kenya and acceptable to the University shall in the form of an On-Demand-Bank Guarantee issue the PB.

  • Guarantee issue and modified medical un- derwriting are available to active employees in an employer group where the plan offered meets specified risk characteristics (e.g. minimum participation requirements, employer funding).

  • A Bank Guarantee issue Request shall be effective on actual receipt by the Bank and, once given, shall be irrevocable.

  • Guarantee issue and open enrollment are two different concepts as applied to Medicare supplement policies.

  • In the Transfer Pricing Study Report, the Assessee company claims that during the course of Transfer Pricing proceedings, the company submitted that the Corporate Guarantee issue is merely a commitment and as such does not have any bearing on the profits, income, losses or assets.

  • A reputable Bank carrying out business within Kenya and acceptable to the University shall in the form of an On-Demand- Bank Guarantee issue the PB.


More Definitions of Guarantee issue

Guarantee issue means that health benefits
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Guarantee issue means that health benefits coverage must be of- fered to an individual regardless of the individual’s health status, preexist- ing condition, or claims history.
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Related to Guarantee issue

  • Subsidiary Guarantees means the guarantees of each Subsidiary Guarantor as provided in Article Thirteen.

  • Guarantee used as a verb has a corresponding meaning.

  • Debt bondage means the status or condition of a debtor arising from a pledge by the debtor of his or her personal services or of those of a person under his or her control as a security for debt, if the value of those services as reasonably assessed is not applied

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.