variable insurance contract definition

variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.
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variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets. (2) The prospectus requirement does not apply to a distribution of a variable insurance contract by an insurance company if the variable insurance contract is (a) a contract of group insurance, (b) a whole life insurance contract providing for the payment at maturity of an amount not less than 75% of the premium paid up to age 75 years for a benefit payable at maturity,
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variable insurance contract means an annuity or life insurance contract for which the reserves or a part thereof vary in amount with the market value of a specified group of assets held in a separate and distinct fund and includes a provision in a life insurance contract under which policy dividends or policy proceeds may be retained for investment in such a fund.
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Examples of variable insurance contract in a sentence

  • Subadvisor represents to Diversified that during the term of this Agreement Subadvisor will not subadvise any similar portfolio, any collective trust, open-end investment company registered under the Investment Company Act of 1940, Variable Insurance Contract registered under the Investment Company Act of 1940, or insurance company separate account that are offered to the types of employee benefit plans (referenced in Schedule C) without providing Diversified with 60 days prior written notice.

  • It is understood that directors, officers, employees and shareholders of the Trust are or may be or become interested in the Administrator, as officers, employees or otherwise and that partners, officers and employees of the Administrator and its counsel are or may be or become similarly interested in the Trust, and that the Administrator may be or become interested in the Trust as an owner of a Variable Insurance Contract or otherwise.


More Definitions of variable insurance contract

variable insurance contract means a contract of life insurance
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variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or
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variable insurance contract means a contract of life insurance within the meaning of the Insurance Act under which the interest of the purchaser is valued for purposes of conversion or sur- render by reference to the value of a proportionate interest in a speci- fied portfolio of assets;
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variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets. 8.14(2) The dealer registration requirement does not apply in respect of a trade in a variable insurance contract by an insurance company if the variable insurance contract is
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variable insurance contract means an annuity or life insurance policy with respect to which all or any part of the reserves vary in amount with the market value of a specified group of assets held in a separate and distinct fund and includes a provision in a life insurance contract under which policy dividends or policy proceeds may be retained for investment in that fund. Variable insurance contracts based on segregated fund3-9(1) Any provincial life company may:
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variable insurance contract means an Insurance Contract the policy value of which varies with the investment performance of a separate account or sub account thereof. In addition, the following terms shall have the respective meanings set forth in the following sections of this Agreement: Term Section Acquired Business 5.11(c)(iii) Adjustment Report 2.5(c)(v) ADSP 8.6(d) Agreed Allocation 8.6(d) Agreement Preamble Assumed Reinsurance Contracts 3.18(a) Burdensome Condition 5.4(e) Buyer Preamble Buyer Fundamental Representation 7.1(a) Buyer Indemnified Persons 7.2(a) Buyer's Allocation 8.6(d) Ceded Reinsurance Contracts 3.18(a) Closing 2.2 Closing Date 2.2 Company (ies) Recitals Company Business Assets 3.23(a) Company Incentive Award 5.13(d) Company Intellectual Property Rights 3.21(a) Competing Business 5.11(a) Condition Satisfaction 2.2 Consumer Privacy Information 3.25(a) Contracts 3.15(a) Conveyance Taxes 8.4 Covered Employee 5.13(a) Deductible 7.3(a) Dispute Notice 2.5(c)(ii) Earn-Out Payment 2.6(b) Escrow Fund 2.4(b) Escrow Agreement 2.4(b) Escrow Termination Date 7.8 Final Adjustment Amount 2.5(c)(viii) Final Adjustment Statement 2.5(b) FINRA Rules 3.27(a) GAAP Financial Statements 3.7(a) Inactive Employee 5.13(a) Indemnifiable Losses 7.4(iii) Indemnitee 7.4(i) Indemnitor 7.4(ii) Independent Accounting Firm 2.5(c)(iv) Investment Guidelines 3.26(b) Leased Real Property 3.23(d) Leases 3.23(d) Liens 3.2(a) Missouri Court 10.7(a) N.I.S. Recitals N.I.S. Estimated Balance Sheet 2.4(a) N.I.S. Estimated Closing Working Capital 2.4(a) N.I.S. Final Balance Sheet 2.5(c)(viii) N.I.S. Final Closing Working Capital 2.5(c)(viii) N.I.S. Purchase Price 2.1 N.I.S. Reference Balance Sheet 3.7(a) N.I.S. Shares Recitals N.I.S. Special Dividend 5.1(b) N.I.S. Subject Balance Sheet 2.5(b) Order 3.14 Outside Date 9.1(b) Owned Real Property 3.23(d)
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Related to variable insurance contract

  • 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.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Endorsement contract means an agreement under which a student athlete is employed or receives consideration to use on behalf of the other party any value that the student athlete may have because of publicity, reputation, following, or fame obtained because of athletic ability or performance.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Bail bond insurance means a guarantee that a person will attend court when

  • Franchise insurance means an individual insurance policy provided through a

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Insurance Consultant or "consultant" means a person who:

  • Required Insurance shall have the meaning provided in Section 9.03.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Acceptable Insurance Default shall have the meaning assigned to such term or analogous term in the Servicing Agreement.