Joint Insured definition

Joint Insured means one of the insured in a type of insurance policy covering more than one insured.

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Joint Insured means one of the insureds in a type of insurance policy covering more than one insured;

Joint Insured. An individual named in the joint insurance contract;

Examples of Joint Insured in a sentence

• In the event of a separate loss or losses under the Joint Insured Bond, the party suffering a loss or losses shall be entitled to be indemnified up to the full amount of the Joint Insured Bond.

• If more than one party is damaged in a single loss or occurrence for which recovery is received under the Joint Insured Bond, each such party shall receive that portion of the recovery which represents the loss sustained by that party, unless the recovery is inadequate to fully indemnify each party sustaining a loss.

• Each of the Joint Insured, agree that the appropriateness of the allocation of said premium will be determined by jointly by appropriate officers of the Joint Insureds on a monthly basis, subject to annual approval of both the Fidelity Bond and this Allocation Agreement by the Board of Trustees of the Trust.

• The annual premium shall be allocated among the Vanguard Funds, based on relative net assets, in accordance with a Board-approved methodology, and expensed monthly over the term of the Joint Insured Bond.

• In the case of Joint Life Insurance Coverage, premiums will be calculated separately for each Joint Insured Member as per their respective entry age with applicable Joint Life Insurance Coverage Discount specified in the Policy Schedule attached hereto.

• If a Joint Insured Member commits suicide within one year after his Effective Date of Coverage or date of any revival whichever is later, the policy’s liability shall be limited to the return of the premium paid and the coverage of the surviving Joint Insured Members under that certificate of insurance shall cease.

• The annual premium shall be allocated among the Funds, based on relative net assets, in accordance with a Board-approved methodology, and expensed monthly over the term of the Joint Insured Bond.

• In the event another party is added as a Joint Insured under the Fidelity Bond, such party must agree to be bound by the terms of this Agreement and must execute and deliver a copy of this Agreement to each Joint Insured.

• If more than one of the parties is damaged in a single loss or occurrence for which recovery is received under the Joint Insured Bond, each such party shall receive that portion of the recovery which represents the loss sustained by that party, unless the recovery is inadequate to indemnify fully each such party sustaining a loss.

• FURTHER RESOLVED, that the officers of each Fund be, and they hereby severally are, authorized and directed to execute and deliver, in the name and on behalf of the Fund, a Joint Insured Bond Agreement, in such form as counsel may approve.

More Definitions of Joint Insured

Joint Insured one of the insured in a type of insurance policy covering more than one insured;

Joint Insured one of the insureds in a type of insurance policy covering more than one insured; "Key Personnel" those members of the Contractor Personnel described in schedule 9.3 (Key Personnel) as such is modified by agreement by the parties; "Know-How" all ideas, concepts, schemes, information, knowledge, techniques, methodology, and anything else in the nature of know how relating to the Services but excluding know how already in the Contractor’s or the Authority’s possession before this Agreement;