Time Deductible definition

Time Deductible means a cost sharing requirement under a health insurance policy that provides that the Insurer will not be liable for a specified number of hours, which will apply before any benefits are payable by the insurer. A Time Deductible does not reduce the sum insured.
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Time Deductible means the number of hours/days of each and every loss payable by Insured Person before thePolicy Coverages becomes payable
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Time Deductible means the Time Deductible(s) stated in the Schedule in respect of each and every Occurrence. Such Time Deductible to commence as from the beginning of the interruption of or interference with the business resulting in a claim under this Policy.
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Examples of Time Deductible in a sentence

  • On availing this option, Time Deductible as mentioned on the Schedule of Coverage in the Policy Schedule/Certificate of Insurance will be applied on each and every admissible Claim under the Policy.

  • The Excess or Time Deductible shall apply separately under each Section of this Policy even if both insurances are involved in a single occurrence.

  • In the event that more than one Excess or Time Deductible applies under a Section of this Policy, the largest Excess or Time Deductible shall apply under such Section.

  • The number of days specified as the Time Deductible as detailed in the Schedule.

  • Time Deductible The period stated in the Schedule commencing with the occurrence of an Event for which no indemnity is provided under this Section.

  • If a Time Deductible is specified in the Schedule for this Coverage, but not otherwise, we shall not be liable for any loss and/or expense under this Coverage during such period.

  • Section 3.3 9 or 11* years from the date of the expiry of the Time Deductible.

  • On availing this option, Time Deductible as mentioned on the Schedule of Coverage in the Policy Schedule/ Certificate of Insurance will be applied on each and every admissible Claim under the Policy.

  • A Time Deductible of 12 months commencing from the date specified in the Certificate of Insurance as the commencement of the Period of Insurance shall apply in respect of all claims made under Section 3.2 above.

  • Section 3.1.2** 9 or 11* Years from the date of the expiry of the Time Deductible.* Section 3.2 10 or 12* Years from the date specified in the Certificate of Insurance.

Related to Time Deductible

  • Deductible has the meaning set forth in Section 11.1(e).

  • Allowable Deductions means the following costs, charges, and expenses incurred or accrued by Payor:

  • High Deductible Health Plan means a Health Plan as defined by 26 USC § 223(c)(2)(A) that also is a Qualified Health Plan.

  • Nonrecourse Deductions has the meaning set forth in Section 1.704-2(b)(1) of the Regulations.

  • Nonrecourse Deduction has the meaning assigned to that term in Treasury Regulation Section 1.704-2(b).

  • Partner Nonrecourse Deductions has the meaning set forth in Regulations Section 1.704-2(i)(2), and the amount of Partner Nonrecourse Deductions with respect to a Partner Nonrecourse Debt for a Partnership taxable year shall be determined in accordance with the rules of Regulations Section 1.704-2(i)(2).

  • Member Nonrecourse Deductions has the meaning of “partner nonrecourse deductions” set forth in Treasury Regulations Sections 1.704-2(i)(1) and 1.704-2(i)(2).

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Member Nonrecourse Deduction means “partner nonrecourse deduction” as defined in Treasury Regulations Section 1.704-2(i), substituting the term “Member” for the term “partner” as the context requires.

  • Agreed Deductions means any deductions the Agency Worker has agreed can be made from their pay;

  • Covered Losses has the meaning set forth in Section 9.2(b).

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Fraud Loss Coverage Amount As of the Closing Date, $2,748,787, subject to reduction from time to time, by the amount of Fraud Losses allocated to the Certificates. In addition, on each anniversary of the Cut-off Date, the Fraud Loss Coverage Amount will be reduced as follows:

  • Bankruptcy Loss Coverage Amount As of any date of determination, the Bankruptcy Loss Coverage Amount shall equal the Initial Bankruptcy Loss Coverage Amount as reduced by (i) the aggregate amount of Bankruptcy Losses allocated to the Certificates since the Cut-off Date and (ii) any permissible reductions in the Bankruptcy Loss Coverage Amount as evidenced by a letter of each Rating Agency to the Trustee to the effect that any such reduction will not result in a downgrading, qualification or withdrawal of the then current ratings assigned to the Classes of Certificates rated by it.

  • de minimis amount means no more than 5 percent of the total power flows in both directions, calculated in accordance with the “5 percent test” set forth in IRS Notice 88-129. This is not intended to be an exclusive list of the relevant conditions that must be met to conform to IRS requirements for non-taxable treatment. At Connecting Transmission Owner’s request, Developer shall provide Connecting Transmission Owner with a report from an independent engineer confirming its representation in clause (iii), above. Connecting Transmission Owner represents and covenants that the cost of the Connecting Transmission Owner’s Attachment Facilities paid for by Developer will have no net effect on the base upon which rates are determined.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Threshold means with respect to Party B: infinity.

  • Straddle Period means any taxable period beginning on or prior to and ending after the Closing Date.

  • Allowable Expense means a necessary, reasonable and customary item of expense for health care, which is:

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Common expense liability means the liability for common

  • Total maximum daily load or "TMDL" means the sum of the individual wasteload allocations for point sources, load allocations (LAs) for nonpoint sources, natural background loading and a margin of safety. TMDLs can be expressed in terms of either mass per time, toxicity, or other appropriate measure. The TMDL process provides for point versus nonpoint source trade-offs.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of One hundred Sixty-eight million dollars ($168,000,000.00).

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of: