Policyholders surplus” means an insurer’s net worth, the difference between its assets and liabilities, as reported in its annual statement.

Policyholders means policyholders, insureds and assignees under the Policies and Post-Closing Policies.

Policyholders membership interest” means all policyholders’ rights as members of the mutual company including, but not limited to, rights to vote and participate in any distribution of surplus whether or not incident to liquidation of the mutual company.

Examples of Policyholders in a sentence

In case of delay in payment of any claim that has been admitted as payable by Us under the Policy, beyond the time period as prescribed under IRDAI (Protection of Policyholders Interests) Regulations, 2017, We shall pay interest at a rate which is 2% above the bank rate where “bank rate” shall mean the bank rate fixed by the Reserve Bank of India at the beginning of the financial year in which claim has fallen due.
Policyholders of such Novated Policies shall not receive any distribution from FGIC pursuant to the Amended Plan.
Noticed Policyholders shall have an opportunity to object to such amount by filing a Proof of Claim prior to the Bar Date.
Claims Notice The Amended Plan shall provide that FGIC will provide a notice to all Covered Policyholders (“Noticed Policyholders”), which notice shall contain for each Covered Policy the Permitted Policy Distribution amount (in the aggregate and for each Covered Instrument) on account of such Covered Policy.
All claims will be investigated (as required) and settled in accordance with the applicable regulatory guidelines, including the IRDAI (Protection of Policyholders Interests) Regulations, 2017.

More Definitions of Policyholders

Policyholders means all existing and prospective clients or customers of the Insurer and any persons entitled to be provided with the Benefits;

Policyholders means the owners or holders of one or more of the Reinsured Policies.

Policyholders means the policy owner, except: (a) where a single policy or certificate insures both a policy or certificate owner and another insured person, “Policyholder(s)” means both the policy or certificate owner and the other insured person jointly; (b) where the Class Policy at issue is certificate 7042CRT, 7044CRT, or any other Class Policy that is a certificate issued under a group long-term care insurance policy, “Policyholder(s)” means the certificate holder.

Policyholders means the policyholders of the Transferring Policies and “Policyholder” means any one of them;

Policyholders account manager” means SABB Takaful Company,

Policyholders means policyholders, insureds, beneficiaries, subscribers, members, certificate holders and assignees, and eligible dependents of each of the foregoing, under policies of the Subject Business.

Policyholders means, as applicable, the named insureds under, or policyholders with respect to, the Reinsured Contracts or any other person entitled to payment under the Reinsured Contracts.