Individual Underwriting definition

Individual Underwriting. The process of identifying and classifying the potential degree of mortality risk represented by an Insured Member.
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Examples of Individual Underwriting in a sentence

  • If the Individual Underwriting process cannot be completed due to a Borrower’s inability to complete the process within the time period specified by the Company, or in the event that the Company declines coverage for the Sum Assured based on the results of the Individual Underwriting process, such Borrower shall not be covered under this Group Policy.

  • The COI shall be issued to the Insured Member, subsequent to the completion of the Individual Underwriting process, , provided all other eligibility conditions are met by the Borrower .

  • However, if the Individual Underwriting process cannot be completed due to the Insured Member’s inability to complete the process within the time period specified by the Company, or the Company declines coverage for the Total Face Amount above Free Cover Limit based on the results of the Individual Underwriting process, the Total Face Amount of such Insured Member shall be restricted up to the Free Cover Limit.

  • The eligibility of the Insured Member for receiving coverage for the Sum Assured above Free Cover Limit shall be determined after completion of the Individual Underwriting process as per the internal guidelines of the Company and coverage shall take effect on the date the Company states in Writing, provided all other eligibility conditions are met by the Insured Member on that date.

  • The eligibility of the new Member for receiving Coverage above Free Cover Limit shall be determined after completion of the Individual Underwriting process as per the internal guidelines of the Company, and Coverage shall take effect on the date the Company states in writing, provided all other eligibility conditions are met by the Insured Member on that date.

  • The eligibility of the Insured Member for the portion of the increased Total Face Amount above Free Cover Limit shall be determined after completion of the Individual Underwriting process as per the internal guidelines of the Company, the cost of which shall be borne fully by the Company, and coverage shall take effect on the date the Company states in Writing, provided all other eligibility conditions are met by the Insured Member on that date.

  • However, if the Individual Underwriting process cannot be completed due to the Insured Member’s inability to complete the process within the time period specified by the Company, or the Company declines coverage for the Total Face Amount above Free Cover Limit based on the results of the Individual Underwriting process, the Total Face Amount of such Insured Member shall be restricted to Free Cover Limit.

  • However, if the Individual Underwriting process cannot be completed due to the Insured Member’s inability to complete the process within the time period specified by the Company, or the Company declines coverage for the Sum Assured/Total Sum Assured above Free Cover Limit based on the results of the Individual Underwriting process, the Sum Assured/Total Sum Assured of such Insured Member shall be restricted to Free Cover Limit.

  • The eligibility of the Insured Member for receiving coverage for the Total Sum Assured above Free Cover Limit shall be determined after completion of the Individual Underwriting process as per the internal guidelines of the Company, the cost of which shall be borne fully by the Company, and coverage shall take effect on the date the Company states in Writing, provided all other eligibility conditions are met by the Insured Member on that date.

  • However, if the Individual Underwriting process cannot be completed due to the Insured Member’s inability to complete the process within the time period specified by the Company, or the Company declines coverage for the Total Sum Assured above Free Cover Limit based on the results of the Individual Underwriting process, the Total Sum Assured of such Insured Member shall be restricted up to the Free Cover Limit.

Related to Individual Underwriting

  • Principal Underwriter shall have the meanings given them in the 1940 Act.

  • financial undertaking means any of the following entities:

  • IPO Underwriter means each Person named as an underwriter in Schedule I to the Underwriting Agreement who purchases Common Units pursuant thereto.

  • Approved Underwriter has the meaning set forth in Section 3(f) of this Agreement.

  • Marketed Underwritten Shelf Take-Down has the meaning set forth in Section 2.02(e).

  • Marketed Underwritten Offering means any Underwritten Offering (including a Marketed Underwritten Shelf Take-Down, but, for the avoidance of doubt, not including any Shelf Take-Down that is not a Marketed Underwritten Shelf Take-Down) that involves a customary “road show” (including an “electronic road show”) or other substantial marketing effort by the Company and the underwriters over a period of at least 48 hours.

  • Credit Underwriter means the independent contractor under contract with the Corporation having the responsibility for providing Credit Underwriting services.

  • Underwriter means a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such dealer’s market-making activities.

  • Shelf Underwritten Offering shall have the meaning given in subsection 2.1.3.

  • Underwritten Takedown has the meaning set forth in Section 2(d)(ii).

  • Underwriting (the "Directed Share Program"). The Shares to be sold by Xxxxxx Xxxxxxx pursuant to the Directed Share Program (the "Directed Shares") will be sold by Xxxxxx Xxxxxxx pursuant to this Agreement at the public offering price. Any Directed Shares not orally confirmed for purchase by any Participants by the end of the first business day after the date on which this Agreement is executed will be offered to the public by Xxxxxx Xxxxxxx as set forth in the Prospectus.

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.

  • Participating Underwriter means any of the original underwriters of the Bonds required to comply with the Rule in connection with offering of the Bonds.

  • Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).

  • Underwritten Offering means a Registration in which securities of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.

  • Underwritten Registration or Underwritten Offering A registration in which securities of the Company are sold to an underwriter for reoffering to the public.

  • affiliated person promoter" and "principal underwriter" as used in the preceding sentence shall have the meanings assigned to each such term in the Investment Company Act of 1940, as amended.

  • Piggy-Back Registration is defined in Section 2.2.1.

  • Underwritten Demand shall have the meaning given in subsection 2.1.3 of this Agreement.

  • Promoter means a person—

  • Piggyback Registration shall have the meaning given in subsection 2.2.1.

  • Investment Company means an investment company as defined in the Investment Company Act.