New Policy means a policy entered into on or after the date on which the relevant rule takes effect;
New Policy means the policy insuring the life of the successor insured.
New Policy. The new policy may be a Flexible Premium Adjustable Life Insurance Policy offered by us on the Policy Date. The new policy will have a death benefit on the exchange date not more than the death benefit of this Policy immediately prior to the exchange date. The new policy will have the same Policy Date and Issue Age as this Policy. The initial Specified Amount and any increase in Specified Amount will have the same rate class as the one in this Policy. Any Indebtedness may be transferred to the new policy. EXCHANGE AT OTHER TIMES: After 24 months from the Policy Date, you may exchange this Policy for a new policy, subject to our approval. You must furnish any evidence of insurability we require and pay all costs associated with the exchange. VALUATION OF ASSETS IN A VARIABLE ACCOUNT DETERMINING INVESTMENT RESULTS: The Cash Value will change with a change in the investment results of the Subaccounts. An index called an accumulation unit value measures changes in a Subaccount's investment experience. Each Subaccount has its own accumulation unit value. For each Subaccount, the accumulation unit value was initially set at $10.00. The accumulation unit value for a Subaccount in each subsequent Valuation Period is equal to (1), multiplied by (2), where:
Examples of New Policy in a sentence
Enclose relevant documents.N = 'New' Policy and/or ProcedureR = 'Revised' Policy and/or ProcedureOF = Policy and/or Procedure is already 'On File' with the USDE Check and enter date(s) as applicable.
If already 'On File with OSEP', check OF.)N = 'New' Policy and/or ProcedureR = 'Revised' Policy and/or ProcedureOF = Policy and/or Procedure is already 'On File' with the USDENo (Policies, procedures, methods, and descriptions have not been provided.
See New Policy (Submit-for-Rate submission) in the Effective Date subsection of this section for the applicable waiting period information.
Recommendation for New Policy Language Related to Classified Research at the University of Illinois.
If the New Policy is issued with an increase in the Initial Death Benefit, then the provisions of Article 6.2.a will apply to the increased amount.
More Definitions of New Policy
New Policy means each policy issued under this rider insuring the life of one of the insureds.
New Policy. ’ means a contract entered into by an assurance com- pany which is a policy of assurance on the life of any person issued on or after 1 January 2001;
New Policy. The new policy may be any permanent fixed benefit plan of life insurance that is currently offered by us on the Policy Date. After the exchange date, the new policy will not be affected by the investment experience of any separate investment account. The new policy will have a death benefit on the exchange date not more than the death benefit of this Policy immediately prior to the exchange date. The new policy will have the same Policy Date and Issue Age as this Policy. The initial Specified Amount and any increase in Specified Amount will have the same rate class as the one in this Policy. Any Indebtedness may be transferred to the new policy. EXCHANGE AT OTHER TIMES: After 24 months from the Policy Date, you may exchange this Policy for a new policy, subject to our approval. You must furnish any evidence of insurability we require and pay all costs associated with the exchange. VALUATION OF ASSETS IN A VARIABLE ACCOUNT DETERMINING INVESTMENT RESULTS: The Cash Value will change with a change in the investment results of the Subaccounts. An index called an accumulation unit value measures changes in a Subaccount's investment experience. Each Subaccount has its own accumulation unit value. For each Subaccount, the accumulation unit value was initially set at $10.00. The accumulation unit value for a Subaccount in each subsequent Valuation Period is equal to (1), multiplied by (2), where:
New Policy means a Policy issued under the Conversion Privilege of this rider.
New Policy means an insurance policy issued by the Company which is funded, in whole or in part, by an Existing Policy.
New Policy. The new policy may be a Flexible Premium Adjustable Life Insurance policy offered by us on the Policy Date. The new policy will have a death benefit on the exchange date not more than the death benefit of this policy immediately prior to the exchange date. The new policy will have the same Policy Date and Issue Age as this policy. The initial Specified Amount and any increase in Specified Amount will have the same rate class as the one in this policy. Any Indebtedness may be transferred to the new policy. EXCHANGE AT OTHER TIMES: After 24 months from the Policy Date, you may exchange this policy for a new policy, subject to our approval. You must furnish any evidence of insurability we require and pay all costs associated with the exchange.