Policyholder Claims definition
Policyholder Claims means claims of policyholders or beneficiaries under contracts of insurance in a winding-up, liquidation or administration of an insurance undertaking within the Group to the extent that those claims relate to any debt to which the insurance undertaking is, or may become, liable to a policyholder or such a beneficiary pursuant to a contract of insurance, including all amounts to which policyholders or such beneficiaries are entitled under applicable legislation or rules relating to the winding-up or administration of insurance companies to reflect any right to receive, or expectation of receiving, benefits which such policyholders or such beneficiaries may have;
Policyholder Claims means claims of policyholders in a liquidation of a Group Insurance Undertaking to the extent that those claims relate to any debt to which the Group Insurance Undertaking is, or may become, liable to a policyholder pursuant to a contract of insurance.
Policyholder Claims means claims of policyholders or policy beneficiaries in a winding-up, liquidation or administration of a Supervised Group Company to the extent that those claims relate to any debt to which the Supervised Group Company is, or may become, liable to a policyholder pursuant to a contract of insurance, including all amounts to which policyholders are entitled under applicable legislation or rules relating to the winding-up or administration of insurance companies to reflect any right to receive, or expectation of receiving, benefits which such policyholders may have.
Examples of Policyholder Claims in a sentence
Each Customer shall establish, maintain and fund a claims paying account (each, a "Claims Account") for the purpose of TPA's paying Policyholder Claims on behalf of such Customer.
All Policyholder Claims paid by TPA from funds collected on behalf of or for any Customer shall be paid only on drafts or checks of and as authorized by the relevant Customer from the relevant Claims Account.
This account shall be used for all Policy related disbursements provided for under the applicable Policies including but not limited to Policyholder Claims, Policy surrenders, annuity payments, other Policyholder benefits, and agent commissions relating to the Policies of such Customer.
The Purchaser will not engage directly or indirectly in any type of business other than the management and disposition of the Transferred Assets and the adjustment and payment of the Policyholder Claims.
The Purchaser shall satisfy its obligations under Section 4.1 of this Agreement by making payments directly to the Holders of the Policyholder Claims as and when provided by the Plan.
More Definitions of Policyholder Claims
Policyholder Claims means claims, refunds and other amounts due to Policyholders and other Persons under the Policies.
Policyholder Claims means claims of policyholders in a liquidation of a Group Insurance Undertaking to the extent that those claims relate to any debt to which the Group Insurance Undertaking is, or may become, liable to a policyholder pursuant to a contract of insurance. Prevailing Principal Amount means the Initial Principal Amount as reduced from time to time by any Write-Down. Prior Approval of the Relevant Supervisory Authority means in respect of any proposed act on the part of the Issuer, the prior written approval or consent of, or notification to the Relevant Supervisory Authority, if such approval, notification or consent is required at the time under any Applicable Regulations or an official application or interpretation thereof. Qualifying Tier 1 Notes means securities issued directly or indirectly by the Issuer that:
Policyholder Claims means claims, refunds and other amounts due to Policyholders and other Persons under the Policies. “Premium Account” has the meaning assigned in Section 5.7. “Project Change Request Procedures” mean the procedures to be followed to make changes to the Services as more fully described in Exhibit 4.3.2. “Related Disputes” has the meaning assigned in Section 15.4. “Renewal Term” has the meaning assigned in Section 3.2. “Security Breach” has the meaning given in Section 12.1. “Security Procedures” has the meaning assigned in Section 4.5. “Service Auditor Report” has the meaning given in Section 5.12(a). “Service Auditor Report Notice” has the meaning given in Section 5.12(b). “Service Performance Standards” has the meaning assigned in Section 4.2(c). “Services” has the meaning assigned in Section 2.1. “Services Fees” means all charges set forth in Section 11.1. “Service Center” has the meaning assigned in Section 4.4(a). “Services Staff means all persons necessary for the performance of the Services. “Services Starting Date” means the date on which Administrator begins performance of the DocuSign Envelope ID: 13223727-006E-452C-B68E-77C4CC1AFF8DD1D068B-315A-4D 0-8E64-D513D75DDAFD
Policyholder Claims means claims of policyholders in a liquidation of a Group Insurance Undertaking to the extent that those claims relate to any debt to which the Group Insurance Undertaking is, or may become, liable to a policyholder pursuant to a contract of insurance. Qualifying Securities means securities issued by the Issuer or the Parent Guarantor (if the substitution/variation occurs subsequent to an Issuer Substitution Event) that have terms that are not materially less favorable to an investor than the terms of the Subordinated Notes (as reasonably determined by the Issuer or the Parent Guarantor (as the case may be) in consultation with an independent investment bank, consulting firm or comparable expert of international standing on the subject and provided that a certification to such effect of a duly authorized person of the Issuer or the Parent Guarantor (as the case may be), shall have been delivered to the Trustee prior to the issuance of the relevant securities or them otherwise becoming the Issuer’s obligations), provided that such securities (1) contain terms such that they comply with the then current requirements of the Supervisory Authority in relation to tier 2 basic own funds, (2) include terms that provide for at least the same interest rate from time to time applying to the Subordinated Notes, and (3) rank at least pari passu with the Subordinated Notes. Rating Methodology Event shall be deemed to occur upon a change in the methodology of a Rating Agency (or in the interpretation of such methodology) as a result of which the equity content previously assigned by such Rating Agency to the Subordinated Notes is, in the Issuer’s reasonable opinion, materially reduced when compared to the equity content assigned by such Rating Agency at the issuance date of the Subordinated Notes.
Policyholder Claims means claims of policyholders in a winding-up or liquidation of a Group Insurance Undertaking to the extent that those claims relate to any debt to which the Group Insurance Undertaking is, or may become, liable to a policyholder pursuant to a contract of insurance, including all amounts to which policyholders are entitled under applicable legislation or rules relating to the winding- up of insurance companies to reflect any right to receive, or expectation of receiving, benefits which such policyholders may have;
Policyholder Claims means claims of policyholders or beneficiaries under contracts of insurance or reinsurance in a winding-up, liquidation or administration of a Group Insurance Undertaking to the extent that those claims relate to any debt to which the Group Insurance Undertaking is, or may become, liable to a
Policyholder Claims means claims of policyholders in a winding-up or liquidation of a Group Insurance Undertaking to the extent that those claims relate to any debt to which the Group Insurance Undertaking is, or may become, liable to a policyholder pursuant to a contract of insurance, including all amounts to which policyholders are entitled under applicable legislation or rules relating to the winding- up of insurance companies to reflect any right to receive, or expectation of receiving, benefits which such policyholders may have;