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 insured in a type of insurance policy covering more than one insured;
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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;
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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.

  • Named of Insured on the Declarations Page shall include any existing Investment Company or portfolios which are not listed under the Joint Insured Rider of the attached bond.

  • 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.

  • The Policy provides, however, that a Policyowner may pay premiums in addition to planned periodic premiums (i.e., unscheduled premiums) if (i) either Joint Insured is then living; (ii) the additional premium is at least $100; and (iii) the premium does not cause total premiums paid to exceed the maximum premium limitation for the Policy established by federal tax law.

  • The new policies will be issued based on the age and premium class for each Joint Insured on the effective date of the election.

  • In the case of Joint Insureds, a notice will be served on any Joint Insured and such service will be sufficient service upon all Joint Insureds.

  • In the event that the insured Glider is flown by a pilot employed by or authorized by the British Gliding Association and/or Civil Aviation Authority for any test purposes it is agreed to include the British Gliding Association and/or Civil Aviation Authority as Joint Insured in respect of such flights and to waive rights of recourse against them subject always to the Certificate limitations.


More Definitions of Joint Insured

Joint Insured. An individual named in the joint insurance contract;
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Joint Insured means one of the insureds in a type of insurance policy covering more than one insured;
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Related to Joint Insured

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • 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.

  • First party insurance means an insurance policy or contract in which the insurer

  • Insured means the Executive.

  • Blanket insurance policy means a group policy covering a defined class of

  • Association captive insurance company means a company that insures risks of the member organizations of the association and their affiliated companies.

  • R&W Insurer means AIG Specialty Insurance Company.

  • Regulated Insurance Company means any Subsidiary of the Borrower, whether now owned or hereafter acquired, that is authorized or admitted to carry on or transact Insurance Business in any jurisdiction and is regulated by any Applicable Insurance Regulatory Authority.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

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

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Industrial insured means an insured:

  • Insolvent insurer means a member insurer which, after the effective date of this chapter, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency.

  • Reimbursement insurance policy means a policy of insurance

  • The Insured means the person specified as such in the Schedule.

  • Pure captive insurance company means a company that

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • A.M. Best A.M. Best Company, Inc. or its successors in interest. If neither A.M. Best nor any successor remains in existence, “A.M. Best” shall be deemed to refer to such other nationally recognized statistical rating agency or other comparable Person reasonably designated by the Depositor, notice of which designation shall be given to the Trustee, the Certificate Administrator, the Master Servicer and the Special Servicer and specific ratings of A.M. Best herein referenced shall be deemed to refer to the equivalent ratings (as reasonably determined by the Depositor) of the party so designated.

  • Captive insurance company means any pure captive insurance company, association captive

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Insurers means the underwriters or insurance companies with whom any Obligatory Insurances are effected and the managers of any protection and indemnity or war risks association in which any or the Collateral Vessels may at any time be entered.

  • Sponsored captive insurance company means a captive insurance company:

  • Alien insurer means an insurer domiciled outside the United States.

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