Pooled Cover definition

Pooled Cover means cover provided from the Fund to manage and, if the Claims are accepted by the Board, settle or pay the Claims against the Members in respect of the Risks.
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Pooled Cover means the discretionary indemnity cover provided from the Fund to satisfy and manage the Claims admitted to indemnity in the amount determined from time to time by LGA.
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Pooled Cover means cover provided from the Fund to meet claims against Scheme Members in the amount and in respect of risks determined from time to time by the Board;
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Examples of Pooled Cover in a sentence

  • Subject to compliance with the termination procedures a defaulting Member may have its entitlements to Pooled Cover and Reinsurance Cover limited by the Board under this Rule.

  • LGA may by written notice to a Member in default of these Rules exclude that Member from any or a defined entitlement to Pooled Cover or Indemnity Cover.

  • If a Member fails to comply with a direction under Rule 18.5.1 LGA may as an alternative to termination require the Member to pay an additional contribution to cover the additional risk of Civil Liability or it may exclude that risk of Civil Liability from the Pooled Cover and the Reinsurance Cover or it may otherwise limit the exposure of the Fund and the reinsurer to such Civil Liability.

  • Contributions by each Member shall be applied by LGA at its discretion toward the accumulation of the Fund, the purchase for and on behalf of each Member (as one of a group of Members of the Mutual Scheme) of Indemnity Cover in respect of Civil Liability of each Member in excess of the level of Pooled Cover and otherwise in furtherance of the objectives of the Mutual Scheme.

  • Subject to admitting a Claim to Indemnity under Clause 9 a Member’s entitlement from the Fund shall never exceed the Pooled Cover for each Claim.

  • LGA shall consider granting indemnity with respect to any Civil Liability of a Member from the Fund for a level of Pooled Cover to be determined annually by LGA.

  • At the discretion of LGA the benefits of membership may be limited to defined Civil Liability, to limited Pooled Cover, to limited Indemnity Cover or any combination of those matters.

  • The Board upon the recommendation of the Scheme Manager shall set at the commencement of each Fund Year Guidelines for the exercise of its discretion as to whether or not Claims by Members should be met out of the Pooled Cover.

  • LGA may by written notice to a Member exclude the Member from any or a defined entitlement to Pooled Cover or Indemnity Cover with respect to a ‘special risk’ of Civil Liability as determined by LGA.

  • LGA may by written notice to a Member exclude the Member from any or a defined entitlement to Pooled Cover or Indemnity Cover with respect to a “special risk” of Civil Liability as determined by LGA.

Related to Pooled Cover

  • Dwelling, single-family means a detached building designed for or occupied exclusively by one family.

  • Multi-family dwelling means a structure that contains more than one separate dwelling unit, which is used, or occupied, or intended to be used or occupied, in whole, or in part as the home or residence of one or more persons.

  • Single-family dwelling means a private residence provided with sleeping and cooking facilities intended for domestic use and in which the occupants live as a single housekeeping unit that is not part of a Multiple Dwelling;

  • Qualified Census Tract means any Census tract which is designated by the Secretary of Housing and Urban Development as having 50 percent or more of the households at an income level which is less than 60 percent of the Area Gross Median Income in accordance with Section 42(d)(5) of the Code.

  • Multiple-family dwelling means a property containing 5 or more residential units, including those which are occupied seasonally.

  • Engine family means a manufacturers grouping of engines which, through their design as defined in paragraph 5.2. of this gtr, have similar exhaust emission characteristics; all members of the family shall comply with the applicable emission limit values.

  • Multi-employer Plan means a "multi-employer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding six (6) years contributed to by the Borrower or any ERISA Affiliate.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • Single-family dwelling unit means a structure that is usually occupied by just one household or family and for the purposes of this Policy is expected to generate an average of 250 gallons per day of wastewater.

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • Specially Serviced Mortgage Loan means the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing Transfer Event.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Mobile home lot means a portion of a mobile home park or

  • Mobile home means any dwelling that is designed to be made mobile, and constructed or manufactured to provide a permanent residence for one or more persons, but does not include a travel trailer or tent trailer;

  • Through lot - means a lot bounded on two opposite sides by streets.

  • Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.

  • Subsequent Mortgage Loan A Mortgage Loan sold by the Depositor to the Trust Fund pursuant to Section 2.08, such Mortgage Loan being identified on the Mortgage Loan Schedule attached to a Subsequent Transfer Instrument.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.