Insurance Benefit definition

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.
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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 an amount of money which Insurer shall pay to a person entitled to an insurance benefit under the insurance contract upon the occurrence of an insured event. The following persons shall be entitled to an insurance benefit under the insurance contract:
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Examples of Insurance Benefit in a sentence

  • The amount payable for certain Losses is less than 100% of the AD&D Insurance Benefit.

  • An issuer may make available to prospective insureds any of the other Medicare Supplement Insurance Benefit Plans in addition to the basic core package, but not in lieu of it.

  • Child Care Benefit: The total child care expense incurred by your Spouse within 36 months after the date of your death for all Children under age 13, but not to exceed $5,000 per year, or the cumulative total of $10,000 or 25% of the AD&D Insurance Benefit, whichever is less.

  • Air Bag Benefit: The amount of the Air Bag Benefit is the lesser of (1) $5,000; or (2) the amount of AD&D Insurance Benefit payable for Loss of your life.

  • Career Adjustment Benefit: The tuition expenses for training incurred by your Spouse within 36 months after the date of your death, exclusive of board and room, books, fees, supplies and other expenses, but not to exceed $5,000 per year, or the cumulative total of $10,000 or 25% of the AD&D Insurance Benefit, whichever is less.


More Definitions of Insurance Benefit

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.
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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
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Insurance Benefit means our liability with respect to a Loan calculated in accordance with the Master Policy.
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Insurance Benefit means the amounts paid by a Patient's third party health insurer, government program or other third party payor for Product.
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Insurance Benefit means the benefit of any contract of insurance or of any indemnity provided by any third party.
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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.
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Insurance Benefit. The Insurance Benefit payable is:
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