Insurance Availability definition

Insurance Availability means the lesser of (i) the sum of 75% of the aggregate cash surrender value of the Life Policies subject to Life Insurance Assignments and (ii) $5,000,000.
Sample 1

Examples of Insurance Availability in a sentence

  • Sections 379.930 to 379.952 shall be known and may be cited as the "Small Employer Health Insurance Availability Act".

  • H.R. 21, the ‘‘Homeowners’ Insurance Availability Act of 1999’’ creates a voluntary temporary Federal reinsurance 1 backstop to ef- forts by states and the private market to make catastrophic insur- ance for homeowners living in disaster-prone regions of the country more available.

  • Indiana Fed’n of Dentists, 476 U.S. 447, 454 (1986) (“The standard of ‘unfairness’ under the FTC Act is, by necessity, an elusive one, encompassing not only practices that violate the Sherman Act and the other antitrust laws, but also practices that the Commission determines are against public policy for other reasons ....”).

  • This additional information can be found in Section 8 of the NAIC Model Regulation to Implement the Small Employer Health Insurance Availability Model Act.

  • The Homeowners’ Insurance Availability Act of 2005 (H.R. 846) would have allowed the Secretary of the Treasury to auction $25 billion of contracts for reinsurance coverage to private insurers and reinsurers in six regions across the country.

  • The commissioner shall adopt by rule the form and level of coverage of the basic health benefit plan and the standard health benefit plan for the individual market that shall provide benefits substantially similar to those under the [insert reference to law corresponding to the NAIC Small Employer Health Insurance Availability Model Act] with respect to small employer coverage, but which shall be appropriately adjusted to reflect the individual market.

  • Recognizing Advanced Practice Registered Nurses as defined health care providers would cause a significant increase in the number of health care providers required to comply with the Health Care Provider Insurance Availability Act.

  • The Kansas Medical Society, the Kansas Hospital Association, and the Kansas Commissioner of Insurance were instrumental in persuading the Legislature to pass the laws that became the Health Care Provider Insurance Availability Act.

  • This regulation is intended to implement the provisions of the Small Employer Health Insurance Availability Model Act (Prospective Reinsurance with or without an Opt-Out) (the “Act”).

  • Crop Insurance Availability and Farmer ParticipationA major concern for policymakers is maintaining crop insurance availability and farmer participation in the crop insurance program.

Related to Insurance Availability

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Insurance Amount has the meaning set forth in Section 6.11(c).

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Insurance Coverage Contractor shall, at Contractor’s sole expense, procure, maintain and keep in force for the duration of this Contract the following insurance conforming to the minimum requirements specified below. Unless specified herein or otherwise agreed to by the City, the required insurance shall be in effect prior to the commencement of work by Contractor and shall continue in force as appropriate until the latter of:

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Network Availability means the capability of the equipment to resume functions after a remotely initiated trigger has been detected by a network port;

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Insurance Affordability Program means a program that is one of the following:

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;

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

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.