R&W Policy means those certain buyer-side representations and warranties insurance policies purchased by Buyer in connection with this Agreement.
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.
D&O Policy has the meaning set forth in Section 6.18(b).
CSR Policy means the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.
Policy means Related Party Transaction Policy.
Group Policy /”policy” means the breakdown policy as set out in this document;
Reimbursement insurance policy means a policy of insurance
SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.
Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.
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.
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.
Policy Provider means MBIA Insurance Corporation, or any successor thereto.
Bulk PMI Policy Not applicable.
Eligible surplus lines insurer means a nonadmitted insurer with which a surplus lines
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.
D&O Policies has the meaning set forth in Section 8.06.
Shared Policies has the meaning set forth in Section 8.1(b).
Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.
Self-insured retention means the individual own risk employer's or group self-insurance association's retained amount of risk under a specific excess insurance policy, before the liability is transferred to an insurance carrier.
Support Policy shall have the meaning given to it in the Support Terms (defined below).
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.
Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options, such as a certificate holder, may take under a policy or contract subject to this section including but not limited to lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract, but excluding events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract.
Life Insurance Policy has the meaning given in Section 6.11.
Loss in Excess of Policy Limits shall be defined as Loss in excess of the Policy limit, having been incurred because of, but not limited to, failure by the Company to settle within the Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action.
Blanket insurance policy means a group policy covering a defined class of