Examples of Period of Indemnity in a sentence
The insurance limits for this insurance shall be based upon a minimum of twelve (12) months of income with a three hundred sixty five (365) day "Extended Period of Indemnity" endorsement.
Employee shall not include any person with a proprietory or partnership interest of any nature in the Business of the Insured.Period of Indemnity Period of Indemnity shall mean -in respect of named employees the dates stated herein as the Period of Insurance or in any subsequent amendatory endorsement thereto.
The difference between the Insured's actual Income during the Period of Indemnity and the Income it is estimated the Insured would have earned during that period or,2.
If this is the Insured's first trading year, the difference between the Insured's Income during the Period of Indemnity and during the period immediately prior to the interruption, less any savings resulting from the reduced costs and expenses the Insured pay out of the Insured's Income during the Period of Indemnity.3. The Insurer will also pay for Increased Costs of Working.
In brief, the benefits under this insurance are payable upon the insolvency or a specified closure of the PEI (regulatory or otherwise) or the PEI’s failure to pay you a sum awarded by a specified court or tribunal in a judgment or award in your favour in an action between you and the PEI during the Period of Indemnity in relation to a dispute directly arising out of the tuition fee paid by you.