Principal Insured Person definition

Principal Insured Person means the Insured as detailed in the Schedule and accepted by the Company as eligible for participation in the insurance provided by this policy.
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Principal Insured Person or ‘Principal member’ means the person who enters into a contract with the service provider and is accepted by the service provider as eligible for participation in the insurance provided by this policy.
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Principal Insured Person means an employee or member of the Participating Group as evidenced by monthly bordereaux and detailed in the Schedule and accepted by the Company as eligible for participation in the insurance provided by this policy.
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Examples of Principal Insured Person in a sentence

  • A benefit equal to fifteen thousand rand (R15 000) is payable in the event of the death of the Principal Insured Person and/or the spouse of the Principal Insured Person due to an Accident.

  • If the Principal Insured Person were notified in writing, verbally or otherwise, of his/her impending involuntary unemployment prior the policy effective date.

  • Notice given by or on behalf of the claimant to the Administrative Offices of the Company, or to any authorized representative of the Company, with information sufficient to identify the Principal Insured Person shall be deemed notice to the Company.

  • Where the Insured Person is not a Principal Insured Person the Principal Insured Person shall provide or obtain the necessary permission or consent to comply with this condition failing which all benefits in respect of any claims subject to this condition shall be avoidable.

  • For each incident, the Principal Insured Person is allowed to claim up to maximum of 3 months subject to the Principal Insured Person’s monthly declaration on his/her claims documents stated under Section F item (5)(f).

  • If the Principal Insured Person has reach the retirement age or opts for early retirement.

  • The Company will pay to the Principal Insured Person an amount in accordance with the table of benefits subject to the limitations.

  • In the case of a Principal Insured Person who is a Muslim, the Payment of his Death Benefit may be determined in accordance with the appropriate Islamic Laws and the applicable Syariah Laws.

  • The Principal Insured Person is only allowed to claim for this monthly benefit for one (1) incident only, per policy year.

  • The Principal Insured Person authorises the Binder Holder or Underwriting Manager to deduct the premium from the bank account given to the Binder Holder via debit order on the date agreed with the Binder Holder, being the Premium Payment Date.


More Definitions of Principal Insured Person

Principal Insured Person means an Insured Person who holds a valid OCBC World Mastercard (either Principal or Supplementary) credit card issued by the Policyholder.
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Principal Insured Person means a person nominated either as an employee of the Participating Employer or any person who is a member of the Policyholder who is to be insured under this policy. In the event of two married persons being employees or members of the same Policyholder, and cover for both is granted, then the older individual will be deemed to be the Principal Insured Person for purposes of this policy
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Principal Insured Person means an Eligible member who elects to insure under this Policy provided that in the event of a husband and wife both being Eligible members and if cover for both spouses is granted then the older spouse will be deemed to be the Principal insured person;
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Principal Insured Person means an Insured Person who is an OCBC Bank Berhad credit card member and holds either a valid Principal or Supplementary OCBC World MasterCard (either Principal or Supplementary) issued by the Policyholder.
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Principal Insured Person means an employee of the policyholder who has arrived in Canada and is not covered under a Canadian government health insurance. Terrorism means an ideologically motivated unlawful act or acts, including but not limited to the use of violence or force or threat of violence or force, committed by or on behalf of any group(s), organization(s) or governments(s) for the purpose of influencing any government and/or instilling fear in the public or a section of the public.
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Related to Principal Insured Person

  • Insured Person s year” means a year from the date of commencement of the insured person’s policy, or from the anniversary date of the commencement of the insured person.

  • Injured Person under this section means a Member covered by the EOC who sustains an injury or illness and any spouse, dependent or other person or entity that may recover on behalf of such Member including the estate of the Member and, if the Member is a minor, the guardian or parent of the Member. When referred to in this section, "KFHPWA's Medical Expenses" means the expenses incurred and the value of the benefits provided by KFHPWA under this EOC for the care or treatment of the injury or illness sustained by the Injured Person.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Covered Person means: (a) any officer, director, shareholder, partner, member, representative, employee or agent of (i) the Trust or (ii) the Trust's Affiliates; and (b) any Holder of Securities.

  • Controlled insurer means a licensed insurer that is either directly or indirectly

  • Alien insurer means an insurer domiciled outside the United States.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.