Prepaid Insurance definition

Prepaid Insurance means insurance coverage obtained by or on behalf of the Parent or a Subsidiary thereof pursuant to an arrangement whereby a lender prepays (or finances the prepayment of) the applicable insurance premium for the Parent or such Subsidiary in full and the obligation of the Parent or such Subsidiary to repay such lender is secured solely by the Parent’s or such Subsidiary’s right under the policy of insurance to recover unearned premiums upon early termination of the policy.

Examples of Prepaid Insurance in a sentence

  • In the “of which” items at the end of the form, a new row has been added to collect “Unpaid Insurance Claims and Prepaid Insurance Premiums.” Data are reportable in columns 2 and 4.

  • Prepaid Insurance Prepaid insurance consisted of premiums paid for health, commercial and corporate insurance.

  • In addition to coordinated care through the ACC, Demonstration-eligible individuals may also receive mental health services through mandatory enrollment into the Prepaid Insurance Health Plan (PIHP) serving their region of residence.

  • Prepaid Insurance represents the unamortized portion of insurance for service vehicle and the unamortized portion of the insurance of the district’s properties as part of the loan term agreement with Development Bank of the Philippines.

  • The Contractor shall submit such ad hoc reports as are deemed by the State to be necessary to analyze the Prepaid Insurance Program.

  • Pay.—Campbell Office Supplies Prepaid Insurance Rent Expense Supplies Accts.

  • Ex (Prepaid Insurance): Jones Co. pays $5,000 for Insurance for 24 months on January 1.

  • Report the balances of the following accounts: GL Acct # Title 1310 Travel Advances 1320 Prepaid Contracts 1330 Prepaid Insurance 1340 Prepaid Rent 1350 Prepaid Supplies 1360 Prepaid Tax and License 1370 Other Prepaid Expenses.

  • ANS: Prepaid Insurance appears on the balance sheet as an asset and represents unexpired insurance coverage.

  • In the “of which” items at the end of the form, a new row has been added to collect “Unpaid Insurance Claims and Prepaid Insurance Premiums.” Data are reportable in columns 2, 4, 6, 7 and 8.

Related to Prepaid Insurance

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • 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.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Insurance Contracts means all contracts and policies of insurance and re-insurance maintained or required to be maintained by or on behalf of any Grantor under the Loan Documents.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Excess Insurance shall not apply to any insurance coverage currently held by The Government of Bermuda, or to our Self-Insured Retentions of whatever nature.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Bail bond insurance means a guarantee that a person will attend court when

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Reimbursement insurance policy means a policy of insurance

  • Malpractice includes giving or receiving any financial or other advantage of any kind that may be construed as a bribe for the purpose of any Anti-Bribery Laws;

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

  • Credit property insurance means insurance: