Insurability definition

Insurability means the employer’s ability to obtain and keep vehicle insurance for the driver of the vehicle at a reasonable cost, as determined by the employer. Insurability factors include, among other things, speeding tickets, licence suspensions and traffic infractions.
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Insurability. As a condition of your employment you may be required to drive a company vehicle. You must be able to meet the insurance requirements of the Company’s insurance carrier. During the course of your employment your driving record will be checked periodically. Moreover, you agree to immediately report any change to your driving status, traffic violation or accident you are involved in (of any kind and regardless of whether it was work related) to the Company as soon as possible after the driving status change, violation or accident occurred. Should you become uninsurable with the Company’s insurance carrier, your employment may be terminated at any time thereafter by the Company with or without notice.

Examples of Insurability in a sentence

  • Late application: Evidence Of Insurability is required if you apply more than 31 days after you become eligible.

  • Approval will be based on Evidence of Insurability and information satisfactory to AUL.

  • If your Life Insurance ends because you fail to make a required premium contribution, you must provide Evidence Of Insurability to become insured again.

  • If you exercised your Right To Convert, you must provide Evidence Of Insurability to become insured again.

  • If you do not apply for such coverage prior to, or within 31 days of becoming an Eligible Person and subsequently wish to obtain coverage, you will be a Late Enrollee, subject to Evidence of Insurability.

  • If, however, you initially waive participation in such coverage and then later wish to participate, you will be treated as a Late Enrollee, subject to Evidence of Insurability.

  • In each case where Evidence of Insurability is required, we base our decision whether to approve coverage on the information provided during the underwriting process.

  • If Evidence of Insurability is required, you must provide such Evidence of Insurability and be approved for coverage by us.

  • Where Evidence of Insurability is required, increases of existing coverage and Late Enrollee applications become effective on the first day of the month immediately following the month in which your Evidence of Insurability is approved by us, except that if such approval occurs on the first day of a month, such coverage becomes effective on that day.

  • Provided that you apply prior to, or within 31 days of becoming an Eligible Person, Contributory insurance not subject to Evidence of Insurability becomes effective on the date you become an Eligible Person.


More Definitions of Insurability

Insurability. “Affordability”, “Justice”, “Solidarity”, “Individual responsibility”, “Solvency”, “Public-private partnership”, “PPP”, “Disaster compensation”, “Disaster relief”, “Ecosystem service*”, “Nature-based insurance”

Related to Insurability

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • Hazard means a source of or exposure to danger;

  • Capture efficiency means the weight per unit time of VOC entering a capture system and delivered to a control device divided by the weight per unit time of total VOC generated by a source of VOC, expressed as a percentage.

  • Insurance carrier means every insurance carrier duly

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

  • Insurance Requirements means all terms of any insurance policy required by this Agreement and all requirements of the issuer of any such policy and all orders, rules and regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon Landlord, Tenant or the Leased Property.