Proposed Insured definition

Proposed Insured. Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment.
Sample 1Sample 2Sample 3
Proposed Insured means an applicant who completes a statement of insurability.
Sample 1Sample 2
Proposed Insured means the person (or both persons in the case of an application for a survivorship contract) whose life will be insured if the application is approved.
Sample 1Sample 2

Examples of Proposed Insured in a sentence

  • Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment.

  • Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment.

  • The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide.

  • The Proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land.

  • A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure.

  • The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured.

  • The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the amendment or had Knowledge of the matter and did not notify the Company about it in writing.

  • All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties.

  • A Proposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration.

  • Signature of Proposed Insured Date Signature of Other Proposed Insured Date SignaturesSignature of Applicant/Owner (if other than Proposed Insured) DatePayment Method: Check ■ Electronic Transaction Authorization ■ Amount remitted/authorized $ I/We agree that I/We am/are not authorized to change or waive the terms of this Receipt and represent that I/We have not attempted to do so.


More Definitions of Proposed Insured

Proposed Insured means an individual on whom an application for coverage is being made by the Applicant and is listed on the Census.
Sample 1
Proposed Insured means any person named in an Enrollment Form for insurance.
Sample 1
Proposed Insured means a Covered Person who completes a statement of insurability.
Sample 1Sample 2
Proposed Insured as used in this booklet, means a person who is entitled to exercise the Group Term Life to Whole Life Policy conversion privilege.
Sample 1

Related to Proposed Insured

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Insured as used in this Part means:

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.