INSURED or INSURED PERSON definition

INSURED or INSURED PERSON means an Eligible Person as defined in the eligibility section of this Policy:
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INSURED or INSURED PERSON means any person including the Principal Insured, who upon application for Cover has been accepted and recorded on the Policy as such, subject to the prior payment of Premiums and the terms and conditions of this Policy;
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Examples of INSURED or INSURED PERSON in a sentence

  • Where an EXCESS is specified in the SCHEDULE the INSURED or INSURED PERSON will be required to pay this EXCESS before any BENEFIT is payable under the POLICY.

  • The Group Companies own or have the legal right to use all of the Intellectual Property Rights which are material to the conduct of the business of any Group Company or are required by any Group Company in order for it to carry on its business.

Related to INSURED or INSURED PERSON

  • Insured Person s year” means a year from the date of commencement of the insured person’s policy, or from the anniversary date of the commencement of the insured person.

  • Insured Persons means the person/s named in the Schedule to the Policy, who is/are Indian Resident /s and for whom the insurance is also proposed and appropriate premium paid.

  • Injured Person under this section means a Member covered by the EOC who sustains an injury or illness and any spouse, dependent or other person or entity that may recover on behalf of such Member including the estate of the Member and, if the Member is a minor, the guardian or parent of the Member. When referred to in this section, "KFHPWA's Medical Expenses" means the expenses incurred and the value of the benefits provided by KFHPWA under this EOC for the care or treatment of the injury or illness sustained by the Injured Person.

  • Covered Person means: (a) any officer, director, shareholder, partner, member, representative, employee or agent of (i) the Trust or (ii) the Trust's Affiliates; and (b) any Holder of Securities.

  • Insured Property means the vessel, including the power units, accessories and equipment. “Parasailing” means using your vessel to tow a person in a device designed for flight. “Waterskiing” means using your vessel to tow a person on water skis or flotation devices.

  • Insured Member means a member insured under this subdivision.

  • Insured Trust means a Trust which is comprised entirely of Pre-Insured Bonds and/or Bonds as to which such Trust has obtained Portfolio Insurance.

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • Issuer Covered Person shall have the meaning ascribed to such term in Section 3.1(oo).

  • Insured Event shall have the meaning given such term in Section 12.4.

  • Insured Casualty has the meaning set forth in Section 5.1(x)(iv)(B).

  • Covered Persons has the meaning set forth in Section 20(a).

  • Company Covered Person means, with respect to the Company as an “issuer” for purposes of Rule 506 promulgated under the Securities Act, any Person listed in the first paragraph of Rule 506(d)(1).

  • Insured Premises means the place named in the Schedule.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • 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.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Named Insured means the person or organization named in Item 1 of the Declarations.

  • Liquidity Indemnitee means the Liquidity Provider, its directors, officers, employees and agents, and its successors and permitted assigns.

  • Insured Loss means damage or destruction to improvements on the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a), irrespective of any deductible amounts or coverage limits involved.

  • Insured Amount As defined in the Policy.

  • Abused or neglected child means any child:

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.

  • Uninsured Trust means any Trust other than an Insured Trust.

  • Insured”, “You”, “Your means a person: