optional coverage definition

optional coverage means the level of coverage, the unit price or any other option offered for each insurable crop and chosen by the insured to apply in his or her insurance policy;

optional coverage means group coverage other than the basic coverage.

optional coverage means the level of coverage, the unit price or any other option offered for each insurance plan and chosen by the insured to apply to the insured’s policy;

Examples of optional coverage in a sentence

• After a contract is purchased, Optional coverage may be purchased given OUR approval.

• Social Security and Pension Fund Arrangements UNDP does not make additional payments for social security and pension fund towards IPSAs. Optional coverage provided but not subsidized by UNDP UNDP will make available a range of optional benefits and coverages to be accessed by individuals directly and at their own expense.

• Liquor Liability (Optional coverage required when liquor is sold and served) 100% of the Replacement Cost Value and no coinsurance provision.

• Optional coverage may be purchased at the beginning of the contract without inspection.

• Optional coverage is further limited in that the combined total of the basic coverage and the optional coverage for an individual teacher shall not exceed a maximum of $525,000.

More Definitions of optional coverage

optional coverage means the level of compensation or unit price the insured elects to apply in his or her case;

optional coverage. Each employee of the bargaining unit shall have the option to buy at their expense additional life insurance up to one (1x) times or two (2x) times base salary at the cost of such additional insurance to the College. The effect of this option is to double the amount of life insurance. All bargaining unit employees’ contributions will be applied to pay cost of term insurance and to purchase units of paid-up life insurance, which may be retained or cashed in at retirement or other termination of employment. At age 65 the value of life insurance will be reduced as provided by the terms of the insurance policy.

optional coverage means coverage other than financial responsibility

optional coverage. Means the Optional Coverage You purchased, as shown on Your Identification Card and in the Options box on the

optional coverage means coverage offered by the Pool to the Districts in addition to the Mandatory Coverage.

optional coverage means coverage offered by the Pool to the Members in addition to the Mandatory Coverage.

optional coverage means the Participant elected benefit life insurance coverage on the life of a Participant