Stop Loss Policy definition

Stop Loss Policy means that certain Stop Loss Policy issued by DBIC to Xxxxx Public Utilities (aka Xxxxx PUD), a public utility agency in Xxxxx County, Washington, Policy No. 10000178- SL-WA, effective January 1, 2012, together with any amendments, renewals or modifications thereto.
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Stop Loss Policy or “Policy” means: the Stop Loss Insurance Policy issued by Cigna Health and Life Insurance Company * to the Client in connection with the Plan.
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Stop Loss Policy means a policy issued to and for the purposes of insuring the employer, the trustee or other sponsor of a benefit plan for providing health services, or the benefit plan itself, but not the employees, members, or participants for which payment by the insurer must be made to the employer, the trustee, or other sponsor of the benefit plan or the benefit plan itself, but not to the employees, members, participants, or health care providers; and the policy must contain a provision that establishes an aggregate attaching point or retention that is at the minimum one hundred twenty percent of the expected claims; and the policy may provide for an individual attaching point or retention that is not less than five percent of the expected claims or one hundred thousand dollars, whichever is less. +}
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Examples of Stop Loss Policy in a sentence

  • This Agreement shall continue until it is terminated by any of the parties or if a Stop Loss Policy exists between the Covered Entity and the stop loss insurance carrier, the Stop Loss Policy expires without renewal.

  • However, if a Stop Loss Policy exists between the Covered Entity and the stop insurance carrier, then the termination of this Agreement shall not be effective until either (1) all claims under the Stop Loss Policy are received and processed by Business Associate or (2) the time period delineated in the Stop Loss Policy for claims to be submitted to Business Associate and processed by Business Associate upon the Policy’s termination, has expired, whichever event occurs first.

  • If no Stop Loss Policy exists between Covered Entity and the stop loss insurance carrier then the termination is effective ten (10) business days from the date that the party receives such notice.

  • If an initial deposit is required with respect to any Stop Loss Policy or Stop-Loss Contract issued to the Client by the Company, the Client shall pay the Company such initial deposit as specified by the Company.

  • Client authorizes the Company to thereafter apply any reimbursement due under Individual Stop Loss coverage of the Stop Loss Policy to reimburse Company for the amount it has advanced.

  • Legal expenses will not be used when calculating the individual stop-loss benefits or the aggregate stop-loss benefits, if any, pursuant to the Stop Loss Policy or Stop-Loss Agreement issued by the Company to the Plan Sponsor.

  • If the Stop Loss Insurance Company elects to reissue the Stop Loss Policy, Employer will receive a written notice of the reissued rates for the Stop Loss Policy and all associated administrative expenses with that reissue within prior to the end of the contract year.

  • For convenience, the Client authorizes Company to withdraw from the Transfer Account (as set forth under the Banking Arrangements Section of this Contract), on the first day of each Contract Month, all amounts required to satisfy Client’s payment obligations under the Stop Loss Policy.

  • The Stop Loss Policy and the Stop Loss Insurance Company are described more fully in Section 4.

  • Issuance of the Stop Loss Policy (the “Policy”) relies on information provided by the Applicant and any person acting on behalf of the Applicant.


More Definitions of Stop Loss Policy

Stop Loss Policy means the stop-loss policy between Seller Parent and Community Insurance Company d/b/a Anthem Blue Cross and Blue Shield, effective as of January 1, 2014, and renewed as of January 1, 2015, with a specific stop-loss limit of $450,000 per covered individual.
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Stop Loss Policy means that certain Excess Loss Indemnity ---------------- Policy between MLSLP and AIG Life Insurance Company (Policy No. 316-7359) relating to the health care benefits provided to employees of the Xxxxx Entities.
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Stop Loss Policy means the Stop Loss Policy in a form acceptable to both Parties to be entered into between PXRE Reinsurance Ltd and Syndicate 1224;
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Stop Loss Policy means the insurance policy issued by Ohio National Life Insurance Company in favor of the Seller pursuant to which claims in excess of $75,000 per covered incident are paid by the insurance carrier.
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Stop Loss Policy has the meaning set forth in Section 7.9.
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Stop Loss Policy has the meaning set forth in Section 5.17(f).
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Related to Stop Loss Policy

  • R&W Policy means a representation and warranty insurance policy for the benefit of Buyer obtained in connection with this Agreement on the terms described on Schedule 1.01 of the Buyer Disclosure Schedule.

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

  • Policy means Related Party Transaction Policy.

  • Safeguard Policy Statement or “SPS” means ADB's Safeguard Policy Statement (2009);

  • Reimbursement insurance policy means a policy of insurance

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • 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.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.

  • 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.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Master Policy means a single worker’s compensation insurance policy issued by an insurer authorized to do business in this state to an employee leasing company in the name of the employee leasing company that covers more than one client of the employee leasing company.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

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

  • Tariff Policy means a Tariff Policy adopted by the Council in terms of Section 74 of the Local Government: Municipal Systems Act 32 of 2000.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • blanket hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Purchaser upon the consummation of the transactions contemplated by this Agreement. The Company has not engaged in, and has no knowledge of the Mortgagor's or any Subservicer's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either, including without limitation, no unlawful fee, unlawful commission, unlawful kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by the Company;

  • Policy Statement means a written description of the current approach of an agency, entitled a policy statement by the agency head or its designee, to implementation of a statute or other provision of law, of a court decision, or of an agency order, including where appropriate the agency's current practice, procedure, or method of action based upon that approach.

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

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

  • Xxxxxxx Mac Guide The Xxxxxxx Mac Single Family Seller/Servicer Guide and all amendments or additions thereto.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.