Optional Insurance definition

Optional Insurance. Any life, accidental death or accident and health (disability) insurance purchased by Mortgagor in connection with a Mortgage Loan.
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Optional Insurance means Mortgage/credit life insurance, accidental death ------------------ insurance, disability insurance, unemployment insurance or any similar optional insurance covering a Mortgagor for which premiums are collected by Subservicer.
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Optional Insurance means mortgage/credit life insurance, accidental death insurance, disability insurance, unemployment insurance or any similar optional insurance covering a Mortgagor for which premiums are collected by the Subservicer. “Original Subservicing” means, as the context shall indicate, (i) the Mortgage Loans existing in the Lender’s portfolio as of the date of the execution of this SA or (ii) the subservicing of those Mortgage Loans as of the date of execution of this SA. “Parties” means Lender and Subservicer referred to in this SA, each a “Party”. “Person” means a human individual, partnership (limited or general), corporation, limited liability company, joint venture, joint stock company, association, unincorporated organization, government or agency or political subdivision thereof, or other entity. “P&I” means principal and interest. “PMI” means private mortgage insurance. “PMI Companies” means the insurance companies that have issued or will issue PMI policies insuring any of the Mortgage Loans. “Prime Rate” means the fluctuating prime rate established each Business Day under the “MONEY RATES” column in The Wall Street Journal. “Prior Servicers” means, individually or collectively, all individuals and entities that at any time originated, serviced or subserviced any of the Mortgage Loans. “Recon Firm” is defined in Section 2.5(d)(2). “REO” means real estate owned, i.e. real property for which the title was acquired by an Investor or by Lender through foreclosure of a Mortgage or acceptance of a deed in lieu of foreclosure. “Servicing Rights” means the rights and responsibilities with respect to servicing and subservicing the Mortgage Loans and the associated Escrow Accounts and Mortgage Loan Files. “Subservicer” means the Party identified as such at the top of Page 1. “T&I” means taxes and insurance. “Term” is defined in Section 5.1. 5
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Examples of Optional Insurance in a sentence

  • C&S is not required to name BWD as an additional insured on any Optional Insurance or Other Included Coverage.

  • Except as provided under Section 2(a)(i), your continued participation in and any rights, to the extent thereof, under the Company’s 401(k) Retirement and Savings Plan, U.S. Deferred Compensation Plan and its Medical, Dental, AD&D Optional Insurance, Supplemental Life Insurance, Basic LTD and Spouse Life Insurance Plans shall be subject to the terms of those respective plans.

  • C&S may procure Optional Insurance at its own expense, and the cost of same will not be added to the upcharge.

  • The Death Benefit is based on: the Death Benefit Option in effect on the date of the Insured's death; any increases or decreases to the Face Amount; and the amounts, if any, payable under any Optional Insurance Benefit rider.

  • Except as provided under Section 2(a)(i) of this Separation Agreement, your participation in and rights, to the extent thereof, under the Company’s 401(k) Retirement and Savings Plan, U.S. Deferred Compensation Plan and its Medical, Dental, AD&D Optional Insurance, Supplemental Life Insurance, Basic LTD and Spouse Life Insurance Plans shall be subject to the terms of those respective plans.

  • Cost of Optional Insurance for the Term of this Contract paid to the Insurance Company(ies) named above.* Credit Life $_____________ Credit Disability, Accident and Health $_______ Other $__________ ..............................

  • Also, with respect to the Optional Insurance Benefits generally, please confirm supplementally to the staff that all material terms of the policy are identified in the prospectus.

  • Any resulting income from Optional Insurance will be allocated in accordance with Section I.C of Schedule II.

  • This includes Default and Liquidation, Escrow, Investor Accounting, Customer Service, Acquisitions and Sale of loans serviced, and Direct Sales and Optional Insurance.

  • The guaranteed cost of insurance for simplified issues is based on 200% of the 1980 C.S.O. Tables.• Optional Insurance Riders.


More Definitions of Optional Insurance

Optional Insurance. We offer insurance for an additional daily fee. Our insurance provides physical damage and loss coverage to the trailer, items within or mounted on the trailer, tent, and solar power system on the trailer. Security deposit will be applied to the insurance deductible of $500 in case of claim for this optional insurance.
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Optional Insurance. CIS has partnered with Safeware Inc. to offer optional insurance to cover accidents and damage beyond warranty repair for a one-time fee to Safeware of $36 per year. If elected, when a student is issued a device, parents will need to enroll the device at xxxxx://xxxxxxx.xxxxxxxx.xxx/Open-Enrollment Students without insurance will be responsible for damages that may be up to the Full price of the machine.
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Optional Insurance. The District is providing families with the option to purchase insurance for District provided Chromebooks. This is an optional annual cost for families to consider. Details about the insurance plans are provided on a separate flyer, and are purchased directly through the vendor. The District cannot accept payments for the insurance coverage on these devices.
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Related to Optional Insurance

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

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

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

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

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

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

  • 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”)

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

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

  • Policy means Related Party Transaction Policy.

  • Life Insurance Policy has the meaning given in Section 6.10.

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

  • 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.

  • 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.

  • Life insurance means insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income and unless otherwise specifically excluded, includes individually issued annuities.

  • 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.

  • 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.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • 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.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Blanket insurance policy means a group policy covering a defined class of