Insurance Benefit definition

Insurance Benefit means the portion of the Claim Amount that we are contractually obligated to pay you in respect of a Claim, as determined under this Policy.

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Insurance Benefit means the amount of protection, for each covered event as shown in the Cooperative Insurance Policy Certificate or as notified to you at renewal.

Insurance Benefit means the liability of the Company with respect to a Loan calculated in accordance with this Policy. A right to receive an Insurance Benefit shall be deemed to have arisen when a Default occurs while the Policy is in force for a Loan, notwithstanding that the amount of the Insurance Benefit is not then either presently ascertainable or due and payable.

Examples of Insurance Benefit in a sentence

• The Hospital will also continue to pay the percentage in lieu of benefits and will register these benefits as part of the Supplemental Unemployment Insurance Benefit Plan with the Canada Employment Insurance Commission.

• The Hospital will register these benefits as part of the Supplemental Unemployment Insurance Benefit Plan with the Canada Employment Insurance Commission.

• An employee on pregnancy leave who is in receipt of Employment Insurance pregnancy leave benefits shall be paid a supplemental Employment Insurance Benefit.

• An employee on parental leave who is in receipt of Employment Insurance parental leave benefits shall be paid a supplemental Employment Insurance Benefit.

• Notwithstanding Article above, an employee must complete ten months of continuous service prior to the expected date of birth to be paid a supplemental Employment Insurance Benefit.

More Definitions of Insurance Benefit

Insurance Benefit means the liability of the Company with respect to a Covered Loan calculated in accordance with Section 8.5 (Insurance Benefit); it being understood that a right to receive an Insurance Benefit shall be deemed to have arisen when a Default that results in a Claim first occurs while coverage is in force for a Covered Loan, notwithstanding that the amount of the Insurance Benefit is not then either presently ascertainable or due and payable. The Insurance Benefit payable shall be subject to the Deductible Amount and/or the Aggregate Loss Limit, if such amount and/or limit apply.

Insurance Benefit means our liability with respect to a Loan calculated in accordance with the Master Policy.

Insurance Benefit means the amounts paid by a Patient's third party health insurer, government program or other third party payor for Product.

Insurance Benefit. The monthly insurance benefit will be set annually as per school policy for full-time employees. The benefit dollars can be used for the school system health and dental plans. Part-time employees will receive the benefit on a pro-rated schedule as follows: 20-24 hours per week .50 25-34 hours per week .75 35-40 hours per week 1.00

Insurance Benefit means the benefit of any contract of insurance or of any indemnity provided by any third party.

Insurance Benefit means an amount of money which the in- surer must pay under the insurance contract conditions to the insured person and/or to the health care institution for health care services provided to the insured person in relation to an insured event.

Insurance Benefit means an amount of money which the insurer must pay to the policyholder or another person who is entitled to the insurance benefit upon occurrence of an insured event, or any other form of payment of the benefit provided for in the insurance contract.