Obligatory Insurance definition

Obligatory Insurance means any policy or contract of insurance and any entry in a protection and indemnity or war risks association effected under or pursuant to Clause 3.01(a) hereof;
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Obligatory Insurance means any policy or contract of insurance and any entry in a protection and indemnity or war risks association effected under or pursuant to Clause 2.01(a) hereof;
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Obligatory Insurance means an insurance taken out as an imposition made by internal regulation.
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Examples of Obligatory Insurance in a sentence

  • Those happening while the vehicle lacks documentation or requisites (including the Technical Inspection of the Vehicles and Obligatory Insurance) legally necessary to ply on public roads in the country where the Covered Vehicle is found.

  • The operating expenses and fees may be paid either by the Fund or the Master Fund (and not from both relating to the same period or fee or expense).

  • Obligatory Insurance Cover - It is obligatory for everyone travelling with Personal Touch Holidays to have adequate holiday insurance.

  • Other than as notified to and agreed by the Administrative Agent in writing, there have been no material amendments to any of the Obligatory Insurance or Management Agreements, and the copies of the Eligible Charters and Charter Guarantees provided to the Administrative Agent prior to the Closing Date are correct and complete (and there have been no material amendments thereto) as of the Closing Date.

  • Agency : Insurance CompanyEach employee should have employer-paid insurance according to the Law On Obligatory Insurance of The Liability of the Employer for Life and Health Tort to The Employee in Discharge of Labor and (Official) Duties (February 7, 2005) that became effective on July 1, 2005.The amount of insurance premium payable by an employer depends on insurance risks and wages.

  • The Employers Obligatory Insurance Law of 2004 mandates that employers purchase disability or survivor annuities (wage replacement income) for workers permanently disabled or deceased as a result of workplace accidents.

  • Revise the Employers Obligatory Insurance Law to more properly align the calculation of the employer’s premium with the benefits paid from a disability annuity.

  • On 23 September 2005, on discovering that the applicant was no longer resident in Ukraine, the Zaporizhzhya Leninskiy District Department of the Pension Fund (hereinafter “the Pension Fund Department”) took a decision in accordance with Section 49 § 1 (2) of the General State Pension (Obligatory Insurance) Act to terminate pension payments to the applicant with effect from 1 September 2005 on the ground that he lived permanently abroad.

  • No. 1376-12), recommending that H.C.R. No. 163, be referred to the Committee on Finance.

  • This increase is primarily a result of higher premiums reported in Credit Life (33.5%), Obligatory Insurance for disability y survivorship (25.2%), and Individual Life (15.3%) lines.


More Definitions of Obligatory Insurance

Obligatory Insurance means any policy or contract of insurance and any entry in a protection and indemnity or war risks association effected pursuant to Clause 6;
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Related to Obligatory Insurance

  • obligatory insurances means, in relation to a Ship, all insurances effected, or which the Borrower owning that Ship is obliged to effect, under Clause 13 or any other provision of this Agreement or another Finance Document;

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

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

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Period of Insurance means the period commencing from the retroactive date and terminating on the expiry date as shown in the Policy Schedule.

  • Excess Insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Insurances means, in relation to a Ship:

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

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

  • 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.

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

  • contract of insurance means an agreement between the Secretary of Education and either the Trustee or the Seller providing for the insurance by the Secretary of Education of the principal of and accrued interest on a FFELP Loan to the maximum extent permitted under the Higher Education Act.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

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

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • 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.

  • 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.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

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

  • Type of insurance means coverage afforded under the particular policy that is being placed.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Self-insurance means the licence holder's financial capacity to meet any liability to a third party in respect of which the licence holder does not otherwise have insurance.

  • Required Insurance shall have the meaning provided in Section 9.03.

  • Franchise insurance means an individual insurance policy provided through a