Examples of Insurable Event in a sentence
In the event of the Insured’s death – the document certified by the Notary Public or the person authorized by the Insurer, which proves the fact of the Insurable Event (e.
If the Insured has been declared to be deceased by a court, then it shall be considered as the Insurable Event, provided the day of disappearance or presumed death of the Insured falls in the Insurance Period and provided it is specified in the court decision that she/he disappeared in deathful circumstances or circumstances giving the reason to believe that the death of the Insured has been caused by the event which shall not be considered a Uninsurable Event.
Charges in excess of Reasonable and Customary Charges incurred on account of an Insurable Event as per the determination by TPA.
If the Insured has been declared missing by a court, it shall not be considered as the Insurable Event.
The Insurance Indemnity shall be paid no later than within 30 (thirty) days from the date of receipt of all the information and/or documents of a form and content acceptable to and requested by the Insurer and significant for determination of the fact and circumstances and consequences of the Insurable Event and the amount of the Insurance Indemnity.