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 the Policy 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

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

  • A separate Deductible or Time Deductible may be stated in the Schedule and if so will apply to loss arising under Service Interruption.

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

  • If more than one Time Deductible is applicable to any One Breakdown, then only the highest applicable Time Deductible for that Coverage shall apply.

  • Time deductible Time Deductible means the number of hours specified for respective Coverage in the Schedule arising from any One Breakdown, for which We shall not be liable for any loss or expense arising during the period after the Commencement of Liability and prior to the expiry of the specified number of hours.

  • Limit of liability With respect to any Coverage provided by this Policy, Our liability for any One Breakdown shall not exceed the Limit of Liability applicable to that Coverage, as is specified in the Schedule, less applicable Deductible and/or Time Deductible.

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

  • 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.

  • 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.

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 shall have the meaning given such term in Regulations Section 1.704-2(b)(1).

  • 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 means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

  • 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.

  • 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 Tax period beginning before or on and ending after the Closing Date.

  • Allowable Expense means a necessary, reasonable and customary item of expense for health care, which is: • covered at least in part under one or more plans covering the person for whom the claim is made; and • incurred while this plan is in force. When a plan provides healthcare coverage in the form of services, the reasonable cash value of each service is considered as both an allowable expense and a benefit paid. Vision care services covered under other plans are not considered an allowable expense under this plan. PLAN means any of the following that provides benefits or services for medical, pharmacy, or dental care treatment. If separate contracts are used to provide coordinated coverage for members of a group, the separate contracts are considered parts of the same plan and there is no COB among those separate contracts.

  • 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).

  • Net salvage value means the salvage value of property retired less the cost of removal.