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

  • New insured transactions that resemble existing (previously insured) transactions are considered, as well as negotiated settlements of existing transactions.

  • 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 parties may be added to the policy, subject to a separate agreement and provided that the policyholder has sent a written notification of them and that Pohjola Insurance Ltd (hereinafter Pohjola) has approved the inclusion.

  • 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 under earnings-related pension actsA person is covered by the earnings-related pension acts for the first time when he or she, after turning 18 years of age, starts in his or her first employment or self-employment that falls subject to the earnings- related pension acts.

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 $175.00 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. This coverage shall continue for the duration of this contract.

  • First party insurance means an insurance policy or contract in which the insurer

  • Insureds Premises Not An "Insured Location" a. Owned by an "insured"; b. Rented to an "insured"; or c. Rented to others by an "insured"; that is not an "insured location";

  • 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 has the meaning set forth in Section 6.15.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, 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 (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Existing insurer means the insurance company whose policy or contract is or will be changed or affected in a manner described within the definition of “replacement.”