Individual Deductible definition
Examples of Individual Deductible in a sentence
Any recoveries, whether effected by the Insurer or by the Named Insured, shall be applied net of the expense of such recovery first to the Insurer as reimbursement of amounts paid in settlement of any Claim including Defence Costs incurred by the Insurer, secondly, to the Named Insured in satisfaction of any retention within the Group Deductible and finally to the Insured in satisfaction of any retention within the Individual Deductible.
Base Plan Benefits Individual Deductible (Per Calendar Year) Family Deductible (Per Calendar Year) Coinsurance Amount Class I None None 100% Class II 80% Class Ill $25 $50 60% Class IV 60% To encourage early detection of dental disease and to allow all participants a benefit from the plan each year, the deductible is waived and 100% of the Reasonable and Customary charges will be paid for all Class I Services.
Any recoveries, effected by the Insurer, shall be applied net of the expense of such recovery first to the Insurer as reimbursement of amounts paid in settlement of any Claim and secondly, to the Named Insured in satisfaction of any retention within the Group Deductible and finally to the Insured in satisfaction of any retention within the Individual Deductible.
Where more than one Claim arises out of substantially the same cause, then both the Limit of Liability and the Individual Deductible shall apply as an aggregate over all such Claims.
Any recoveries, whether effected by the Insurer or by the Named Insured, shall be applied net of the expense of such recovery first to the Insurer as reimbursement of amounts paid in settlement of any Claim and secondly, to the Named Insured in satisfaction of any retention within the Group Deductible and, finally, in satisfaction of any retention within the Individual Deductible.