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. If so, you must be able to meet the insurance requirements of the Company’s insurance carrier, which involves the following stipulations. During the course of your employment your driving record will be checked periodically. You agree to report any 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 violation or accident occurred. If 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.
Sample 1
Insurability type":"clause","offset":[1399,1411]},{"key":"effectiveness","type":"clause","offset":[1413,1426]},{"key":"suitability","type":"clause","offset":[1430,1441]},{"key":"other-
Sample 1

Examples of Insurability in a sentence

  • Xxxxx and Seller acknowledge that each party has an obligation to act in good faith including, but not 613 limited to, exercising the rights and obligations set forth in the provisions of Financing Conditions and Obligations; Title 614 Insurance, Record Title and Off-Record Title; New ILC, New Survey; and Property Disclosure, Inspection, Indemnity, 615 Insurability, Due Diligence, and Source of Water.

  • Attachment B Work Order No. C244 GLO Contract No. 00-000-000 2 pages plus form and certificates Alternative Insurability.

  • The lesser of 3x your annual salary or $500,000 is guaranteed without you providing any Evidence of Insurability (EOI) if elected when initially eligible on January 1st of the plan year, premiums will increase based upon the age the employee will attain during the plan year.


More Definitions of Insurability

Insurability. “Affordability”, “Justice”, “Solidarity”, “Individual responsibility”, “Solvency”, “Public-private partnership”, “PPP”, “Disaster compensation”, “Disaster relief”, “Ecosystem service*”, “Nature-based insurance”
Sample 1

Related to Insurability

  • Evidence of Insurability means a statement of proof of the Covered Person's medical history upon which acceptance for insurance will be determined by Lincoln.

  • durability means the ability of components and systems to last so that the environmental performance can still be met after a mileage set out in paragraph 2.4. and so that vehicle functional safety is ensured, if the vehicle is used under normal or intended circumstances and serviced in accordance with the manufacturer’s recommendations.

  • Safety means any product which, under normal or reasonably foreseeable conditions of use including duration and, where applicable, putting into service, installation and maintenance requirements, does not present any risk or only the minimum risks compatible with the product's use, considered to be acceptable and consistent with a high level of protection for the safety and health of persons.

  • 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.

  • Functional impairment means both of the following:

  • Hazard Index means the sum of two or more hazard quotients for multiple hazardous substances and/or multiple exposure pathways.

  • Tail risk means a risk that occurs either where the frequency of low probability events is higher than expected under a normal probability distribution or where there are observed events of very significant size or magnitude.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Turbidity means the cloudy condition of water due to the presence of extremely fine particulate materials in suspension that interfere with the passage of light.

  • Coverage Area means the area described in the Website for which Nearmap has available Products, which may cover part or all of that area and which may cover part (but not all) of the area covered by the Survey.

  • Hazard means a source of or exposure to danger;

  • Reliability means the degree of performance of the bulk electric system that results in electricity being delivered within Reliability Standards and in the amount desired. Electric system Reliability can be addressed by considering two basic and functional aspects of electric systems, which are Adequacy and Security.

  • Visibility impairment means any humanly perceptible change in visual range, contrast, or coloration from that which would have existed under natural visibility conditions.

  • Exclusions means that certain things are deliberately not covered in a particular policy type

  • Insurable Crop means Grain Corn.

  • fall risk means any potential exposure to falling either from, off or into;

  • 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.

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

  • Licensure means the status of a licensee when OCCL issued a child care license when the applicant demonstrated compliance with these regulations and applicable codes, regulations, and laws.

  • 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.

  • Quality means the totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs;