Revival of the policy definition

Revival of the policy means putting a lapsed policy, which has not acquired any value as on date of first unpaid premium, into force, upon the receipt of all the premiums due and other charges/late fee if any, and on the basis of the information, documents and reports furnished by him/her, in accordance with the Company’s Board approved Underwriting guidelines.
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Revival of the policy. Means restoration of the policy, which was discontinued due to the non-payment of premium, by the insurer with all the benefits mentioned in the policy document, upon receipt of all the premiums due along with interest, charges, late fees if any, as per the terms and conditions of the policy, upon being satisfied as to the continued insurability of the insured on the basis of the information, documents and reports furnished by the policyholder, in accordance with the Board approved Underwriting Guidelines.
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Revival of the policy means restoration of Policy benefits.
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Examples of Revival of the policy in a sentence

  • Revival of the policy shall be based on Underwriting Policy of the Company.If a lapsed policy is not revived during the revival period, the policy shall be terminated without paying any benefits.However, if a Reduced Paid-Up policy is not revived during the Revival Period, it shall continue in that mode until maturity.

  • A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of Revival of the policy or the date of the rider to the policy, whichever is later, on the ground of fraud: Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and materials on which such decision is based.

  • No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of Revival of the policy or the date of the rider to the policy, whichever is later.

  • Revival of the policy shall be based on Underwriting Policy of the Company.

  • All benefits under the policy will be reinstated on the Revival of the policy.

  • Revival of the policy is subject to our Board Approved Underwriting Policy.If policy in Reduced Paid Up mode is not revived during the revival period, it will continue in the reduced paid up mode until the earliest of maturity or death or surrender of the policy.

  • In the event if the Life Insured commits suicide within 12 months from the Date of Commencement of the Policy or from the Date of Revival of the policy, as applicable, the Nominee/ Beneficiary shall be entitled to the Fund Value, as available on the date of intimation of death.

  • The brief and details description of the knowledge management will help to analysis the findings and research questions.

  • We will calculate 12 months from the Date of Commencement of the policy or Date of Revival of the policy, as applicable.

  • Nor do we find any force in the submission made on behalf of the appellant that the fact that the Special Power of Attorney of the respondent No.1 is a resident of New Delhi should be treated as sufficient ground to confer jurisdiction on the respondent No.2/Council for entertaining the claim lodged by the appellant against the respondent No.1.

Related to Revival of the policy

  • The Policy means any insurance policy held by the Landlord for the Property or the Fixtures and Fittings.

  • Evidence of Insurability means a statement of proof of your medical history upon which acceptance for insurance will be determined by Liberty.

  • 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).

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Insurance Commissioner means the Insurance Commissioner

  • Blanket insurance policy means a group policy covering a defined class of

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • 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.

  • application for international protection means a request made by a third country national or a stateless person for protection from a Member State, who can be understood to seek refugee status or subsidiary protection status, and who does not explicitly request another kind of protection, outside the scope of this Directive, that can be applied for separately;

  • Insurance Affordability Program means a program that is one of the following:

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Property Reinvestment Application means, with respect to any Asset Sale, the application of an amount equal to the Net Proceeds Amount with respect to such Asset Sale to the acquisition by the Borrower or any Subsidiary of operating assets of the Borrower or such Subsidiary to be used in the principal business of such Person as conducted immediately prior to such Asset Sale.

  • Controller of Examinations means the Controller of Examinations of the University;

  • the 2003 Act means the Health and Social Care (Community Health and Standards) Act 2003.

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Insurance Regulatory Authority means, with respect to any Insurance Subsidiary, the insurance department or similar Governmental Authority charged with regulating insurance companies or insurance holding companies, in its jurisdiction of domicile and, to the extent that it has regulatory authority over such Insurance Subsidiary, in each other jurisdiction in which such Insurance Subsidiary conducts business or is licensed to conduct business.

  • Insurance Regulator any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

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

  • Insurance Authority means the Insurance Authority of Hong Kong established pursuant to section 4AAA of the Insurance Ordinance.

  • D&O Policies has the meaning set forth in Section 8.06.

  • Claims-made coverage means an insurance contract or provision limiting