Member Insured definition

Member Insured means the member of the “defined group” shown in the Declarations or the “certificate of coverage”. “Member insured” includes your spouse or “domestic partner”, if a resident of your household at the time of the “event”, “occurrence” or “offense”.
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Member Insured. Policy Period", "Limit of Liability", "Attachment Point", "Premium", "Retroactive Date", "Underlying Policies", “Followed Policy”, "Directors and Officers Retention", "Corporate Reimbursement Retention", shall have the meaning attributed to them on the Declarations Page.
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Examples of Member Insured in a sentence

  • The Company and the Member Insured mutually acknowledge that the form, terms, and conditions of the Policy have been formulated by representatives of the participating members in order to provide insurance coverage which is vital to all participants.

  • While every effort has been made to define with clarity and precision the scope of coverage, the Company and the Member Insured mutually acknowledge that situations may arise where the availability of coverage for a Claim under the Policy is disputed.

  • Such notice shall be given to the Member Insured not less than sixty days prior to such non-renewal.

  • As a prerequisite for becoming a Member of the Company, an Application for Membership and Application for Insurance must be submitted by the Member Insured and accepted by the Company.

  • The Company, but not the Member Insured, shall be required to provide prior written notice of its election not to renew.

  • No Member, Insured, or other person has any rights in the Trust Fund other than the right to the insurance benefits afforded thereby and to direct the payment of experience rating refunds or credits in accordance with section 4(a) (4) of Article IV of this Agreement.

  • The Member Insured becomes a member of the Company as part of obtaining insurance from the Company and as such is entitled to the privileges and benefits and by entering into this Policy agrees to be subject to, and to be bound by, the obligations and duties of Membership.

  • The Member Insured shall advise the representatives of the Company of any such settlements made.

  • If the amount paid under this Policy with respect to such Common Occurrence exceeds the Insured's Proportionate Share of the amount stated in Item 3 of the Declarations, as determined above, the Member Insured shall refund such excess to the Company promptly.

  • The Member Insured becomes a Member of the Company as part of obtaining insurance from the Company and as such is entitled to the privileges and benefits and by entering into this Policy agrees to be subject to, and to be bound by, the obligations and duties of Membership.

Related to Member Insured

  • Member insurer means any person who:

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

  • Sum Insured means the maximum amount of coverage, as specified in the Policy Schedule, that the Insured/Insured Person is entitled to in respect of each benefit and as applicable under the Policy.

  • 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.

  • 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.