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.
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Insurability type":"clause","offset":[1399,1411]},{"key":"effectiveness","type":"clause","offset":[1413,1426]},{"key":"suitability","type":"clause","offset":[1430,1441]},{"key":"other-documents","type":"clause","offset":[1518,1533]},{"key":"related-receivables-file","type":"definition","offset":[1541,1565]},{"key":"repurchase-of-
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Examples of Insurability in a sentence

  • Noncontributory Life Insurance not subject to Evidence Of Insurability becomes effective on the date you become eligible.

  • An increase in your Life Insurance subject to Evidence Of Insurability becomes effective on the date we approve your Evidence Of Insurability.

  • An increase of insurance that is subject to Evidence of Insurability becomes effective on the first day of the month immediately following the month in which the 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.

  • Insurance subject to Evidence Of Insurability becomes effective on the date we approve your Evidence Of Insurability.

  • An increase in your Dependents Life Insurance subject to Evidence Of Insurability becomes effective on the date we approve that Dependent's Evidence Of Insurability.

  • Each Dependent who was eligible under the Prior Plan for more than 31 days but was not insured must submit satisfactory Evidence Of Insurability to become insured for Dependents Life Insurance.

  • Noncontributory insurance not subject to Evidence Of Insurability becomes effective on the date you become eligible.

  • The Initial Enrollment Period is the time during which an eligible Employee who is Actively at Work may first enroll for coverage following completion of the Waiting Period without providing Evidence of Insurability.

  • An increase in your Life Insurance not subject to Evidence Of Insurability becomes effective on the first day of the calendar month coinciding with or next following the date you apply for an elective increase or the date of change in your classification, age or Annual Earnings.

  • An increase in your Dependents Life Insurance not subject to Evidence Of Insurability becomes effective on the first day of the calendar month coinciding with or next following the date you apply for an elective increase.


More Definitions of Insurability

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

  • Evidence of Insurability means a statement of proof of your 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.

  • Severity means the dollar amount of losses on claims.

  • 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 elements of the electric system that results in electricity being delivered to and from an applicant in the amount desired while avoiding adverse effects on the adequacy and security of the electric supply, defined respectively as:

  • Minimal risk means that the probability and magnitude of harm or discomfort anticipated in the research are not greater in and of themselves than those ordinarily encountered in daily life or during the performance of routine physical or psychological examinations or tests.

  • 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.

  • Insurance carrier means every insurance carrier duly

  • 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, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • insurance period means a contribution period or an equivalent period;

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