Memorandum of Coverage definition

Memorandum of Coverage means a document issued by the Authority for each Program specifying the coverages and limits provided to the Members participating in the Program.

Memorandum of Coverage means a document issued by FRMS for each Coverage Program specifying the coverages and limits provided to the Members participating in that Coverage Program.

Memorandum of Coverage means the document or documents issued by PARSAC specifying the type and amount of coverages provided under any Program to the Member Entities by PARSAC.

Examples of Memorandum of Coverage in a sentence

• This Memorandum of Coverage does not provide insurance, but instead provides for pooled risk sharing.

• This Memorandum shall be applied according to the principles of contract law, giving full effect to the intent of the Covered Parties of the Authority, acting through the Board of Directors in adopting this Memorandum of Coverage.

• The types and amounts of coverage for each Program available to Member Entities shall be specified in a Declarations Page and/or Memorandum of Coverage which shall be issued by PARSAC to each Member Entity for each Program Year in which the Member Entity has coverage.

• The Board shall have the power and authority to decrease, increase, or amend the coverage provided by a Memorandum of Coverage.

• Retroactive coverage may be provided as approved by the Board and documented on the Declaration Page of the respective Memorandum of Coverage.

More Definitions of Memorandum of Coverage

Memorandum of Coverage means the New Mexico Public School Insurance Authorities written description of insurance for certain property related risks of its “members”.

Memorandum of Coverage means the description of the scope of protection provided to the Members for Program claims.

Memorandum of Coverage means the document or documents issued by

Memorandum of Coverage means the document provided by the System to the Member which defines the coverage, exclusions, terms, and conditions of each covered program.

Memorandum of Coverage means the document which lists all terms and conditions of risk- related coverages.

Memorandum of Coverage means the description of the scope of protection provided to the Members for Worker Compensation claims.

Memorandum of Coverage is the document issued by the Authority to the Members in a Coverage Program, specifying the type, term, and amount of coverage provided by the Authority.