Policy Currency definition

Policy Currency means the currency specified in the Schedule.

Policy Currency means the lawful currency of the Islamic Republic of Pakistan in which: (i) the Premium is payable; and (ii) Insured Percentage is payable.

Policy Currency means the currency in which the Policy is denominated as specified in the Policy Schedule.

Examples of Policy Currency in a sentence

• If the Insured provides Supply Chain Finance Facilities to an Insured Buyer in any currency (including any Approved Claim Currency) other than the Policy Currency, the value of each invoice must be converted into the Policy Currency for any declaration purposes at the relevant Conversion Exchange Rate (all such Conversion Exchange Rates must be recorded in writing by the Insured at the time of Disbursement, and such records must be provided to the Insurer in the event of a claim).

• The Insurer’s share of any such Recoveries accruing after payment of a claim must be paid to the Insurer in the Policy Currency.

• The Permitted Credit Limits under the Policy, any other limits or deductibles, premiums, Limit Management Charges and any Other Charges are expressed in the Policy Currency, and such amounts will not vary according to changes in the exchange rate between the Policy Currency and any other currency, unless the Insurer has expressly given its prior written consent.

More Definitions of Policy Currency

Policy Currency means the currency identified in Item 11 of the Schedule. The Policy Currency is the currency of the Insured’s premium payments and any Compensation payable by the Underwriter to the Insured.

Policy Currency means the currency in which all benefits accruing are recorded in this Policy and all payments from the Company must be made under this Policy and is specified as Policy Currency in Policy Schedule 1;”Policy Effective Date” means the date specified as Effective Date in Policy Schedule 1;

Policy Currency means the currency specified as Policy Currency in Policy Schedule 1. “Policy Date” means the date specified as Policy Date in Policy Schedule 1.

Policy Currency. : means the currency chosen by the Policyholder in the Application form and specified in the Schedule. Premiums are invested into the Policy and encashments are paid out of the Policy in this currency. It is also the currency in which the Unit Price is shown throughout the Policy.

Policy Currency means the currency chosen by the Policyholder in the Application Form and specified in the Schedule. Premiums are invested into the Policy and

Policy Currency means the currency identified in Item 11 of the Declarations.

Policy Currency means the currency identified in Item 12 of the Declarations.