Policy Exclusion definition
Examples of Policy Exclusion in a sentence
Policy Exclusion Damage to Machinery does not apply to the cover provided under this optional extension.
The Reinsurer shall have the right (the “New Policy Exclusion Right”), exercisable upon written notice delivered to the Company at least 90 days prior to the beginning of a calendar year, to exclude from Covered Policies all individual disability income insurance policies issued by the Company during such calendar year and during each subsequent calendar year of the Term.
For the avoidance of doubt, so long as any claim for Losses with respect to a R&W Insurance Policy Exclusion is made prior to the expiration of the Barge Rig Holdback Period, the Parent may, and may cause the Surviving Entity to, retain an amount (up to the total amount of the Barge Rig Holdback Amount then remaining) equal to the amount of any Losses asserted by the Parent prior to the expiration of the Barge Rig Holdback Period but not yet resolved (any such claim, an “Unresolved Claim”).
If the above diseases are pre-existing at the time of inception of first OBC-Oriental Mediclaim Policy, Exclusion no.4.1 for pre-existing disease shall be applicable.
The business reinsured hereunder consists of (i) all individual disability income insurance policies issued by the Company and in force as of the Effective Date and (ii) all individual disability income insurance policies issued by the Company during the Term, other than such policies that are issued during a calendar year in which the Reinsurer exercises its New Policy Exclusion Right or any calendar year thereafter (the “Covered Policies”).