Policy in good standing definition
Policy in good standing means the employer is current on all payments due to the bureau and is in compliance with bureau laws, rules, and regulations at the time of enrollment or reenrollment.
Examples of Policy in good standing in a sentence
Buyer shall maintain the R&W Policy in good standing at all times subsequent to Closing for a minimum of six years following Closing.
From and after the Closing, the Buyer shall maintain the Representation and Warranty Insurance Policy in good standing and in accordance with its terms through the term of the Representation and Warranty Insurance Policy.