Keyman life insurance definition

Keyman life insurance means insurance on staff members for which the school is the beneficiary of the life insurance policy.
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Keyman life insurance a keyman life insurance policy on the life of Xxxxxx X. Xxxxxxxx, Xx. in an amount of at least $5,000,000 and on other terms and conditions and from an insurance company acceptable to the Agent.
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Keyman life insurance means the keyman life insurance policy on the life of H.O. Xxxxx, III issued by Northwestern Mutual (or any replacement policy).
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Examples of Keyman life insurance in a sentence

  • Keyman life insurance may be required on the principals in the amount of the loan naming the Town of Hartford as beneficiary and assignee.

  • Keyman life insurance policy as available-for-sale at fair value through other comprehensive income Group and Company 20172016 $’000 $’000 Fair value at beginning of year887 The investment-linked keyman insurance policy relates to life insurance policy purchased by the Company for one of its executive directors.

  • The Parties agree that the Company shall apply for and procure as owner and for its own benefit, Key-man life insurance policies in the amount of five hundred thousand ($500,000) dollars with respect to each of the Akanas Members.

  • Key-man life insurance may also be required.• All PADD lending programs require the creation or retention of jobs.

  • The Parties agree that New Akanas shall apply for and procure as owner and for its own benefit, Key-man life insurance policies in the amount of five hundred thousand ($500,000) dollars with respect to each of the Akanas Members.

  • The Parties agree that PharmaHub may, at its cost and in its sole discretion, at any time after the date of the execution of this Agreement, apply for and procure as owner and for its own benefit, Key-man life insurance policies in an amount up to two hundred thirty thousand ($230,000) dollars with respect to each of the Akanas Members.

  • In the NCA's view, the companies involved had collaborated to share the market between them in the period 2011 to 2017.

  • Group and Company 20172016 $’000 $’000 Keyman life insurance policy as available-for-sale at fair value through other comprehensive income (note 16A) 840 887Financial asset designated as at fair value through profitor loss (note 16B) 4,881 – 5,721887 NOTES TO THE FINANCIAL STATEMENTSYEAR ENDED 31 DECEMBER 2017 16.

  • The bank and SBA have a junior security interest in all inventory, accounts receivable, equipment and intangibles of the Company and assignment of Keyman life insurance.

  • Xxxxxxx or any of the persons listed on Schedule 1.01A hereof --AS400 Computer currently located at the premises of Vitelco --Key-man life insurance policies on the life of Xxxxxxx X.


More Definitions of Keyman life insurance

Keyman life insurance means a keyman life insurance policy on Xxxxxxx X. Xxxxxxxx from an insurance company and on terms and conditions acceptable to the Agent, in an amount of at least $10,000,000. "L/C ISSUER" has the meaning ascribed to it in ANNEX B. "L/C SUBLIMIT" has the meaning ascribed to in it ANNEX B.
Sample 1
Keyman life insurance means the keyman life insurance policy on the life of H.O. Woltz, III issued by Northwestern Mutual (or any replacement policy).
Sample 1
Keyman life insurance means the life insurance policy on the life of Anthxxx Xxxxxx xxxued by Transamerica Occidental Life Insurance Company or such other insurance company acceptable to the Agent in a face amount of not less than $10,000,000, and any supplemental or replacement policies relating thereto.
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Related to Keyman life insurance

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • Life Insured means the person named in the Schedule, on whose life the Policy is effected;

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • Credit life insurance means insurance on the life of a debtor in connection with

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

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

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

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Sponsored captive insurance company means a captive insurance company:

  • Captive insurance company means a pure captive insurance company, association captive insurance company, captive reinsurance company, sponsored captive insurance company, special purpose captive insurance company, or industrial insured captive insurance company formed or licensed under this chapter. For purposes of this chapter, a branch captive insurance company must be a pure captive insurance company with respect to operations in this State, unless otherwise permitted by the director.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Insurance premium finance company means a person engaged in the business of

  • 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.

  • Franchise insurance means an individual insurance policy provided through a

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Dental Insurance The District shall contribute $360.00 annually toward the cost of dental insurance whether for single or family coverage for full-status employees who qualify for and enroll in the plan. The cost of the premium not contributed by the District for family coverage shall be borne by the employee through payroll deduction.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.