Industrial life insurance definition

Industrial life insurance means life insurance written under policies of face amount of one thousand dollars ($1,000.00) or less bearing the words "industrial policy" imprinted on the face of the policy and under which premiums are payable monthly or more often;
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Industrial life insurance. “Industrial life insurance” means that form of life insurance written under policies of face amount of $2,500 or less, under which premiums are payable monthly or more often and the policy specifies it is an industrial life insurance policy. [1967 c.359 §36]
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Industrial life insurance means life insurance, the premiums for which are usually collected weekly or monthly by the insurer’s representative at the policyholder’s home or place of work;
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Examples of Industrial life insurance in a sentence

  • Industrial life insurance definedFor the purposes of this Title "industrial life insurance" is that form of life insurance written under policies of face amount of $2,500 or less bearing the words "industrial policy," or "weekly premium policy" or words of similar import imprinted on the face thereof as part of the descriptive matter, and under which premiums are payable monthly or more often.

  • Industrial life insurance defined For the purposes of this Title "industrial life insurance" is that form of life insurance written under policies of face amount of $2,500 or less bearing the words "industrial policy," or "weekly premium policy" or words of similar import imprinted on the face thereof as part of the descriptive matter, and under which premiums are payable monthly or more often.

  • Industrial life insurance is that form of life insurance provided by an individual contract under which premiums are payable weekly or monthly and having the words “INDUSTRIAL POLICY” printed in bold print upon the face of the policy as part of the title.

  • Industrial life insurance is that form of life insurance provided by an individual contract under which premiums are payable weekly or monthly and having the words "INDUSTRIAL POLICY" printed in bold print upon the face of the policy as part of the title.

  • Industrial life insurance, also called debit insurance, can be defined as insurance under which premiums are paid weekly, or under which the premiums are payable monthly or more often if the face amount of the insurance provided in the policy does not exceed a stated amount and the words "industrial policy" are printed in prominent type on the face of the policy.

  • See Stalson, supra at 462-63.)</font> Industrial life insurance was a marketing development designed to meet the needs and circumstances of working class individuals and to open up insurance opportunities to people who may not have been eligible before.

  • If the submitted application does not meet the minimum prequalification criteria, the application will be rejected.

  • A definition of pre-need life insurance can be found in VM-02 Section 3.B. Reserve requirements for pre-need life insurance follow VM-A and VM-C.• Industrial life insurance products are specifically excluded from VM-20.

  • Unit V: Life Insurance for under privilege ( poor and weaker section people)i) Industrial life insurance ii) Group life insurance iii) Disability benefit policiesiv) pensions plans.

  • The supplier/s shall provide warranty of each type of ambulances against manufacturing defects and free services for a period of one year or 25,000 km whichever is later or more if provided by the manufacturer.


More Definitions of Industrial life insurance

Industrial life insurance means life insurance with an
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Industrial life insurance means that form of life insurance written under policies with a face amount of $1,000 or less, with the words “industrial policy” imprinted on the face as part of the descriptive matter, and under which premiums are payable monthly or more often;
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Related to Industrial life insurance

  • 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.

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

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

  • 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;

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Industrial hemp means a plant of the genus Cannabis and any part of the plant, whether growing or not, containing a delta-9 tetrahydrocannabinol (THC) concentration of no more than three-tenths of one percent (0.3%) on a dry weight basis.

  • 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.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • 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.

  • 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.

  • 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.

  • 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:

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

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

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance group means the persons that comprise an insurance holding company system.

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

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.