Rejected Policy definition

Rejected Policy means any Tagged Policy the offer of which has been rejected by a policyholder as provided in section 3.E. of this Agreement.
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Rejected Policy means a Policy whose transfer to the Reinsurer is rejected by the policyholder or which transfer is deemed by operation of law to have been rejected unless such policy can be legally reinsured pursuant to the terms of the Agreement notwithstanding such rejection, and (ii) the term "Adjustment Date" shall mean that date which is within thirty (30) days following the date on which all Policies have been accepted or rejected for transfer, to the Reinsurer and which date shall be mutually acceptable to the parties. The Reduction Amount shall thereafter be transferred by a mutually acceptable means.
Sample 1

Examples of Rejected Policy in a sentence

  • Coinsurance hereunder shall also continue with respect to an Interim Policy that becomes a Rejected Policy and at such time the Policy will be treated as a Rejected Policy, not as an Interim Policy.

  • Any Rejected Policy shall be removed from Exhibit A to this Agreement, and neither the Seller nor the Buyer shall have any duties, obligations or responsibilities under the terms of this Agreement with respect to such Rejected Policy.

Related to Rejected Policy

  • Lapsed Policy means a Policy which has not acquired the Surrender Value and where the due Premium has not been received till the expiry of the Grace Period.

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.

  • D&O Policy has the meaning set forth in Section 6.18(b).

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • D&O Tail Policy has the meaning set forth in Section 5.8(c).

  • Tail Policy has the meaning set forth in Section 6.18(b).

  • Policy Date means the date on which the Search Report was prepared.

  • Policy means Related Party Transaction Policy.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Policy Period means the period commencing from effective date and hour as shown in the Policy Schedule and terminating at midnight on the expiry date as shown in the Policy Schedule.

  • Bulk PMI Policy Not applicable.

  • PMI Policy A policy of primary mortgage guaranty insurance issued by a Qualified Insurer, as required by this Agreement with respect to certain Mortgage Loans.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • LPMI Policy A policy of primary mortgage guaranty insurance issued by a LPMI Insurer pursuant to which the related premium is to be paid from payments of interest made by the Mortgagor.

  • Clawback Policy is defined in Section 14.

  • Applicable Policy means any rules, policies, directives, standards of practice or Program Parameters issued or adopted by the Funder, the Ministry or other ministries or agencies of the province of Ontario that are applicable to the HSP, the Services, this Agreement and the parties’ obligations under this Agreement during the term of this Agreement. Without limiting the generality of the foregoing, Applicable Policy includes the other documents identified in Schedule C;

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • exchange policy means Exchange Policy 4.6 - Public Offering by Short Form Offering Document and Exchange Form 4H - Short Form Offering Document, of the TSX Venture Exchange as amended from time to time;