Insured arrangement definition

Insured arrangement means an accident or health plan underwritten by an insurance company wherein the department's only obligation as it may relate to claims is the payment of insurance company premiums.
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Insured arrangement means an accident or health plan underwritten by an insurance company wherein the department's only obligation as it may relate to claims is the payment of insurance company premiums. "Local employees" or "employees of local governments" means all officers and employees of the governing body of any county, city, or town, and the directing or governing body of any political entity, subdivision, branch, or unit of the Commonwealth or of any commission or public authority or body corporate created by or under an act of the General Assembly specifying the power or powers, privileges or authority capable of exercise by the commission or public authority or body corporate, as distinguished from § 15.2-1300 or 15.2-1303 of the Code of Virginia, or similar statutes, provided that the officers and employees of a social services department, welfare board, community services board, or behavioral health authority, or library board of a county, city, or town shall be deemed to be the employees of local government. "Local employer" means any county, city, or town, school board, and the directing or governing body of any political entity, subdivision, branch or unit of the Commonwealth or of any commission or public authority or body corporate created by or under an act of the General Assembly specifying the power or powers, privileges or authority capable of exercise by the commission or public authority or body corporate, as distinguished from § 15.2-1300 or 15.2-1303 of the Code of Virginia, or similar statutes. "Local officer" means the treasurer, registrar, commissioner of revenue, attorney for the Commonwealth, clerk of a circuit court, sheriff, or constable of any county or city or deputies or employees of any of the preceding local officers.
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Insured arrangement means an accident or health plan underwritten by an
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Examples of Insured arrangement in a sentence

  • The NDPERS Hybrid model offers the additional profit share which a typical Fully Insured arrangement does not.

  • Under an Insured arrangement, insurance company sets the pooling level.2)Protection from monthly swings can be controlled through a monthly Aggregate-Tax Savings1) No premium tax for the self-funded claim fund; thus, an immediate savings equal to the amount of premium tax is realized.

  • It is respectfully recommended that the continuation of Health and Dental under a Fully Insured arrangement for the 1st renewal with Sun Life Financial be approved, with future reviews of the ASO option at the appropriate renewal periods.

  • This impact is avoided by staying under the Fully Insured arrangement for this first renewal into 2018 (February 1, 2018 – January 31, 2019).

  • The WPCA asset listing was improved for FY 2020 and will be instrumental in the asset management program.

  • The extended health and dental benefits program is recommended to continue as is, under the current Fully Insured arrangement, with continued monitoring of the option to move to an Administrative Services Only ASO program in future.

Related to Insured arrangement

  • legal arrangement means a trust or other similar arrangement;

  • Self-insured employer means an employer or group of employers certified under ORS

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Foreign Benefit Arrangement any employee benefit arrangement mandated by non-US law that is maintained or contributed to by any Group Member or any ERISA Affiliate.

  • Compensation Arrangement means any direct or indirect compensatory payment or other financial agreement, arrangement or understanding with any person or entity other than the Corporation, including any agreement, arrangement or understanding with respect to any direct or indirect compensation, reimbursement or indemnification in connection with candidacy, nomination, service or action as a nominee or as a director of the Corporation;

  • Selective contracting arrangement means an arrangement in which a carrier participates in selective contracting with one or more providers, and which arrangement contains reasonable benefit differentials, including, but not limited to, predetermined fee or reimbursement rates for covered benefits applicable to participating and nonparticipating providers.

  • Travel Arrangements means: (a) transportation: (b) accommodations: and (c) other specified services arranged by the Travel Supplier for the covered trip.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • Reimbursement insurance policy means a policy of insurance

  • Self-insured retention means the individual own risk employer's or group self-insurance association's retained amount of risk under a specific excess insurance policy, before the liability is transferred to an insurance carrier.