Insured employee definition

Insured employee means an employee of a fraternal or of a subsidiary or other affiliate of a fraternal who is provided insurance benefits by the fraternal under s. 614.10 (2) (c) 2. but is not a member of the fraternal.

Insured employee means an Employee who is eligible for insurance as defined in this Plan and for whom premium was paid.

Insured employee means, for purposes of each insur- ance benefit plan, any eligible employee who is properly enrolled in the benefit plan.

Examples of Insured employee in a sentence

• While the Policy is in force, upon the happening of death of an Insured employee / Member during the Policy year, upon the receipt by the Company of satisfactory proof of death of an Insured Member / employee, the Amount of Insurance determined in accordance with the Policy Schedule shall be payable by the Company in the manner herein provided and subject to the conditions set out hereinafter.

• These limits will not apply during any period when the Insured employee lacked the legal capacity to file a claim.

• The Insured employee should obtain claim forms from his or her Employer.

• In no event will the Dependent Child(ren)’s amount be more than 10% of the Insured's Principal Sum.At age 70, for the Insured employee only, the Principal Sum will be reduced based on the Insured employee’s previous Principal Sum per the following schedule: Escalator ClauseWe will increase the Accidental Death Benefit for the Insured at an amount equal to 2% of the Insured’s Principal Sum for each year the Insured remains continuously covered under this Policy for a maximum of five (5) years.

• Any adjustments resulting from the review pro- cess, as well as differences between estimates and ultimate payments, are reflected on the Consolidated Statement of Operations in the year in which they are determined.Provision for unpaid and unreported claims are not discounted, except for the provision on the health insur- ance contracts issued under the Insured employee benefits operating segment.

More Definitions of Insured employee

Insured employee means an employee who is a resident of this state and who is covered under

Insured employee means an Employee whose coverage under the plan is in force.

Insured employee means an employee who is a resident of this

Insured employee means you, if you are a group 1 active member, group 2 active member, regular self-pay member, disabled member or early retiree member of the Policyholder who is under the age of 70.

Insured employee means you, if you are a permanent, active full-time or part-time employee of the Policyholder who is under the termination age of the Basic Life benefit.

Insured employee means you, if you are an employee of the Policyholder who is under the age of 70, and belong to an eligible class of employees.

Insured employee means a Qualified Employee who, under a schedule agreement held by the United Transportation Union - Yardmaster Department, during any calendar month: