Policy in Force definition

Policy in Force means a policy for which all the due premia have been paid regularly and such policy has neither become ‘void’ nor ‘lapsed’ under any rule of Post Office Insurance Fund Rules.
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Policy in Force means an insurance policy that is currently providing insurance coverage, as of the evaluation date, regardless of the number of vehicles insured by that insurance policy.
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Examples of Policy in Force in a sentence

  • Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies that Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period.

  • Years Policy in Force at Date of AccidentDaily Hospital BenefitLess than 1 year$1501 year but less than 2$2502 years but less than 3$3503 years or more$500INITIAL HOSPITALIZATION BENEFIT – After the first 24 hours of your hospital confinement as a result of accidental bodily injury, we will pay you a $1,000 lump sum benefit.

  • Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies That Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period.

  • Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period.

  • To put your Policy in Force, you must pay an amount of at least -- *the Unpaid Policy Charges at the end of the Grace Period; plus *any excess of the Policy Debt over the Cash Value at the end of the Grace Period; plus *three times the Monthly Cost of Insurance charges applicable at the date of reinstatement; plus *three times the Monthly Expense Charge.

  • Calculation of Minimum Valuation Standard for Flexible Premium and Fixed Premium Universal Life Insurance Policies That Contain Provisions Resulting in the Ability of a Policyowner to Keep a Policy in Force Over a Secondary Guarantee Period of More Than Five Years.

  • Rates of pay for individual teachers who were on full-time or regular part-time status at both June 30, 2011 and June 30, 2012 increased on average 4.00%, compared to the expected average increase of 7.11%.

  • The Sponsor, by resolution of the Board of Directors, may terminate or partially terminate the Plan.

  • The police are not permitted to work professionally or independently, instead they are used to reinforce the political power and impunity of the ruling political elite and their allies.

  • TTM Net Written PremiumQ1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32014 2015 2016 2017800$800 898900$9001,000$1,055$1,0001,100$1,1001,200$1,2001,300$1,3001,400$1,400(# PIF in thousands)($M)Encompass Brand Premium and Policy in Force TrendsUnderlying Combined Ratio*Auto103.0106.7101.2104.9103.1105.1101.9  Rapidly grow new and existing domestic retail customers  Raise profitability and returns on capital deployed  Create a sustainable growth opportunity beyond U.S. retailMeasures of Success Q3 2017 % Var.

Related to Policy in Force

  • Policy Grievance is defined as a difference between the parties relating to the interpretation, application or administration of this Agreement. A policy grievance may be submitted by either party at Step 2 of the grievance procedure. A policy grievance shall be signed by a CLAC Representative and submitted to the Employer. A policy grievance submitted by the Employer shall be signed by the Employer or his representative.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Business Travel Policy means our business travel policy. A copy of our current Business Travel Policy is attached as Schedule 1 to Exhibit B.

  • Adopt a comprehensive land use plan means to enact a new

  • Policy means Related Party Transaction Policy.

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

  • life policy means a contract in terms of which a person, in return for a premium, undertakes to -

  • Policy Owner means the owner named in the policy or the certificate holder in the case of a group policy.

  • Policy Term means the term of this Policy as specified in the Schedule;

  • Policy or This Policy means, “Nomination and Remuneration Policy.”

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Policy summary means a synopsis describing the elements of a life insurance policy.

  • Policy form means the form on which the policy is delivered or issued for delivery by the issuer.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.

  • CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.

  • Workplace violence means any incident in which an employee is abused, threatened or assaulted during the course of his or her employment, and includes but is not limited to all forms of harassment, bullying, intimidation and intrusive behaviours of a physical or emotional nature.

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Insurance Affordability Program means a program that is one of the following:

  • Sexual violence means any sexual act or act targeting a person’s sexuality, gender identity or gender expression, whether the act is physical or psychological in nature, that is committed, threatened or attempted against a person without the person’s consent, and includes sexual assault, sexual harassment, stalking, stealthing, indecent exposure, voyeurism and sexual exploitation.

  • Imminent safety hazard means an imminent and unreasonable risk of death or severe personal injury.

  • Medical control means a person who provides medical supervision to an emergency medical service provider.

  • 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.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Medical history means information regarding any:

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