Limit of Coverage definition

Limit of Coverage means the amount of coverage stated in the Declarations or certificate of coverage, or sublimits as stated therein for each Participant or covered party per occurrence, subject to any lower sublimit stated in the MOC.
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Limit of Coverage means the amount of coverage stated in the Declarations or certificate of coverage, or sublimits as stated therein for each covered party per occurrence, subject to any lower sublimit stated in this MOC. In the event that a structured settlement, whether purchased from or through a third-party, or paid directly by the covered party in installments, is utilized in the resolution of a claim or suit, the Authority will pay only up to the amount stated in the Declarations or certificate of coverage, in present value of the claim as determined on the date of settlement, regardless of whether the full value of the settlement exceeds the amount stated in the Declarations or certificate of coverage.
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Limit of Coverage means, subject to the "Table of covered maximum fees and costs", the maximum amount payable for fees and costs for a claim according to the stage at which it is resolved, up to $7,500 per claim and $15,000 per period of insurance. The amounts per claim and per period cannot be increased due to a plurality of insured.
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Examples of Limit of Coverage in a sentence

  • For each Occurrence, there shall be only one Limit of Coverage regardless of the number of claimants or Covered Parties against whom a Claim is made, or the number of Coverage Periods through which the Occurrence continues.

  • The Limit of Coverage shall include the Covered Party’s Retained Limit.

  • Nothing contained herein shall operate to increase the Authority’s Limit of Coverage under this Memorandum.

  • During the term of this Agreement, and subject to Our Limit of Coverage Liability, after three (3) service repairs have been completed on the same component of an individual Covered Product and that Covered Product component requires a fourth repair, as determined by Us, We will replace it with a product of comparable performance.

  • The Authority will pay up to the Limit of Coverage those sums on behalf of the Covered Party for the Ultimate Net Loss, less the Retained Limit, that the Covered Party becomes legally obligated to pay as Damages because of a Wrongful Employment Practice, as that term is herein defined and to which this Memorandum applies, caused by an Occurrence during the Coverage Period, except as otherwise excluded.

  • For each Occurrence, there shall be only one Limit of Coverage regardless of the number of claimants or Covered Parties against whom a claim is made.

  • If You paid for Your Agreement in one payment, coverage under Your Agreement will end on the Agreement Expiration Date of Your coverage, unless it is renewed or cancelled or Our obligations under the Agreement become fulfilled in their entirety, in accordance with the Limit of Coverage Liability.

  • Limit of Coverage Under Part V #2 of any one of the “excess” Family Security coverages.

  • Type of Coverage Limit of Coverage Worker’s Compensation Statutory Disability Statutory Employer’s Liability $500,000 ea.

  • The most we will pay under this Additional Coverage is the applicable Limit of Coverage shown on the Declarations.


More Definitions of Limit of Coverage

Limit of Coverage means the amount of coverage stated in the declaration page or certificate of coverage for each “covered party” per “occurrence.” With respect to “bodily injury,” “property damage,” and “personal injury,” that amount is $1,000,000.00 and the self-insured retention is the amount chosen by the “covered party” and reflected in its Declaration page. With respect to “public officials’ errors & omissions,” that amount is $250,000.00 and the self-insured retention is$25,000.00. For each “occurrence,” there shall be only one limit of coverage regardless of the number of claimants or “covered parties” against whom a claim is made. In the event that a structured settlement, whether purchased from or through a third- party, or paid directly by the “covered party” in installments, is utilized in the resolution of a claim or suit, the Authority will pay only up to the amount stated in the Declarations or certificate of coverage in present value of the claim, as determined on the date of settlement, regardless of whether the full value of the settlement exceeds the amount stated in the Declarations or certificate of coverage.
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Limit of Coverage. Minimum of $2,000,000 in respect of any one occurrence and including cross-liability and severability of interest provisions.
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Limit of Coverage means the value agree- ment between you and the “shipper” and designated on the “shipping document”. In no case can the “limit of coverage” exceed the Any One Loss limit shown in the Schedule.
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Limit of Coverage has the meaning set forth in Section VIII of this Plan. (Excess Plan, p. 1 and p. 7)
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Limit of Coverage means: The amount of coverage stated in the Declarations or Certificate of Coverage for each “covered party,” per “occurrence,” subject to any sub-limit stated in this memorandum. For each “occurrence,” there shall be only one “limit of coverage” regardless of the number of claimants or “covered parties” against whom a “claim” is made. In the event of a structured settlement, whether purchased from or through a third party or paid directly by the “covered party” in installments, is utilized in the resolution of a “claim,” only the present value of the agreed upon payments (the present value cost of the structured settlement) shall be considered in determining satisfaction of the “covered party’s” “limit of coverage.”
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Related to Limit of Coverage

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Certificate of Coverage means a written certification provided by any source that offers medical care coverage, including the Plan, for the purpose of confirming the duration and type of an individual’s previous coverage.

  • Outline of coverage means a summary that explains an accident and health insurance policy.

  • Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Blanket travel insurance means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group.

  • Lot coverage means the portion or percentage of the area of a lot upon which buildings are erected.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Period of Cover means the duration of Your cover as stated in Your Policy Documents.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Levels of cover means cover is available for either hospital treatment, general treatment or combined hospital and general treatment.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • Property Insurance is defined in Section 6.10(a).

  • 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.

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

  • Asset Coverage means asset coverage, as determined in accordance with Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Trust which are stock, including all Outstanding Series B Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act as the minimum asset coverage for senior securities which are stock of a closed-end investment company as a condition of declaring dividends on its common stock), determined on the basis of values calculated as of a time within 48 hours (not including Saturdays, Sundays or holidays) next preceding the time of such determination.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Special Hazard Coverage The Special Hazard Coverage on the most recent anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) or, if prior to the first such anniversary, $9,706,461, in each case reduced by Special Hazard Losses allocated to the REMIC II Regular Interests since the most recent anniversary of the Cut-Off Date (or, if prior to the first such anniversary, since the Cut-Off Date). On each anniversary of the Cut-Off Date, the Special Hazard Coverage shall be reduced, but not increased, to an amount equal to the lesser of (1) the greatest of (a) the aggregate principal balance of the Mortgage Loans located in the single California zip code area containing the largest aggregate principal balance of Mortgage Loans, (b) 1.0% of the aggregate unpaid principal balance of the Mortgage Loans and (c) twice the unpaid principal balance of the largest single Mortgage Loan, in each case calculated as of the Due Date in the immediately preceding month, and (2) $9,706,461 as reduced by the Special Hazard Losses allocated to the REMIC II Regular Interests since the Cut-Off Date. The Special Hazard Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies (determined in the case of the Insured Certificates, without giving effect to the Certificate Insurance Policy).

  • 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;

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Limit of Liability means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading “Limit of Liability” in Item 3 of the Declarations or in any Rider for such Insuring Agreement.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.