New insured definition

New insured means an “individual” named insured who (1) first received his/her “life insurance agent” and, if applicable, “property & casualty insurance agent” license(s) within two years of applying for insurance coverage under this Program, and (2) who has earned less than $100,000.00 in “total commission and fee income” for the one year period immediately preceding his/her Application for Insurance under this Program. An “individual” who had been licensed for more than two years prior to the date of his/her Application for Insurance under this Program as either a “life insurance agent” or a “property & casualty insurance agent”, or who had “total commission and fee income” of
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Examples of New insured in a sentence

  • Voluntary savings contributions are no longer possible after the insured member has reached retirement age.(3) New insured members shall notify the Foundation no ear- lier than one month before, but no later than three months after joining, whether they intend to pay voluntary savings contributions.

  • New insured depository institutions coming into existence after the report date specified in paragraph (a)(1) of this section will be included in this group for the first semiannual period for which they are required to pay assessments.

  • New insured depository institutions coming into ex- istence after the report date specified in paragraph (a)(1) of this section will be included in this group for the first semiannual period for which they are required to pay assessments.

  • New insured persons inform the Foundation, at the moment of affiliation and through the intermediary of their employer, which plan they wish to be insured under.

  • New insured who have already reached the age of 85 on 31 December 2021 are not permitted to join the policy.However, individuals who were already covered under the previous health plan and who turn 85 during the term of the contract may continue to be insured until 31 December 2023.Up to the age limit for this cover, mentally handicapped persons or persons taking psychotropic medications for therapeutic purposes will also be eligible for cover, subject to the provisions of Article 21 “Exclusions".

  • New insured member means the eligible cardholder who have incepted the cover under this scheme for the first time after 01/04/2016.

  • New insured party: a new insured party is a person who has not been insured under another Sanitas policy in the six months immediately prior to the date of activating the new policy.

  • New insured plans have been developed and marketing commenced during 2018.”5 123) In 2019, in North Carolina alone, LIFE had 9,466 dues-paying members,6 with 8,435 of those members enrolled as insureds.

  • New insured under a specific earnings-related pension actA person falls subject to a specific earnings-related pension act when the first period of employment or self-employment that is covered by the said pension act is registered to have begun.

  • New insured groups of:  Single parent non-student aged 25 or older: 2 or more people, only one of whom is an adult, including at least one dependent child aged 25 or older (but not older than age 31 unless the dependent is a disabled person).

Related to New insured

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • 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.

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • Insureds Premises Not An "Insured Location" "Bodily injury" or "property damage" arising out of a premises:

  • Industrial insured means an insured:

  • R&W Insurer means AIG Specialty Insurance Company.

  • The Insured means the person specified as such in the Schedule.

  • 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.

  • 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.

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

  • 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.

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

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

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

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

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

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Additional Insureds has the meaning specified in Section 7.06(a) of the Indenture.

  • Insured means the Executive.

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

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

  • Loss Payee Has the meaning specified in Section 13.02(b)(i) of the Lease.