Missing Data Life Policies definition

Missing Data Life Policies means any individual in-force life insurance policies in any paid up status for which the Company has provided Auditor with neither a Social Security number nor a complete, non-calculated date of birth for the insureds under the policies, and the insureds have reached the attained age of eighty (80) years as computed from the year of issue and age at issue data supplied by the Company, and excluding policies that are in extended term status. All life insurance policies that do not currently meet the definition of Missing Data Life Policies solely because the insured has not yet reached the attained age of eighty (80) years shall become Missing Data Life Policies upon the insured reaching such attained age.
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Missing Data Life Policies means all individual in-force life insurance policies in any paid up status for which the Company does not have in electronic form a Social Security Number and a complete, non-calculated date of birth for the insureds under the policies and the insureds have reached the attained age of eighty (80) years as computed from the year of issue and age at issue in the administrative system of the Company provided that this occurs within one year of the effective date of the Unclaimed Property Audit Agreement, and excluding policies that are in extended term status.
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Examples of Missing Data Life Policies in a sentence

  • Nothing in this Agreement shall abrogate the obligations of the Company under the Unclaimed Property Audit Agreement, including but not limited to the process established for escheating the proceeds of Missing Data Life Policies.

  • If within three (3) months after the Effective Date the Company and Auditor have not agreed upon such a method, then the Company agrees that Proceeds of all Missing Data Life Policies shall be due and payable for escheat to the Signatory States in accordance with this Section of the Agreement and Schedule D.

  • Industrial RPU and Missing Data Life Policies shall be reported in the name of the insured, and shall include Beneficiary information if available on the Company’s electronic system.

  • If within five (5) months after the Effective Date the Company and Auditor have not agreed upon such a method, then the Company agrees that Proceeds of all Missing Data Life Policies shall be due and payable for escheat to the Signatory States in accordance with this Section of the Agreement and Schedule D.