Discontinuance of Coverage Sample Clauses

The Discontinuance of Coverage clause outlines the conditions under which an insurance policy or coverage may be terminated before its scheduled end date. Typically, this clause specifies the circumstances that can lead to discontinuation, such as non-payment of premiums, policyholder request, or changes in eligibility status. For example, if a policyholder fails to pay premiums on time or no longer meets the criteria for coverage, the insurer may discontinue the policy. The core function of this clause is to clearly define when and how coverage can end, thereby managing expectations and reducing disputes between the insurer and the insured.
Discontinuance of Coverage. A Life Assured’s coverage under this Supplementary Contract shall automatically be terminated on the earliest of the following dates when any of the following events takes place: upon death of the Life Assured; or 2.4.1 once the overall lifetime limit of five-hundred (500) days of Hospitalisation under the Certificate of Assurance has been exceeded; or 2.4.2 the Life Assured attains the age of [to be inserted ()] years next birthday; or 2.4.3 on the Expiry Date as stated in the Certificate of Assurance; or 2.4.4 when the Company withdraws this Supplementary Contract completely from the market in accordance with the Portfolio Withdrawal Condition in this Supplementary Contract; or 2.4.5 the Certificate of Assurance lapses or becomes void or is otherwise terminated pursuant to the provisions of this Supplementary Contract and/or the Policy; or 2.4.6 the Policy is terminated; whichever occurs earlier.
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Discontinuance of Coverage. (a) With respect to existing coverage including pending applications/registrations for casino gaming services for the Licensed Marks in the name of any Licensor (or any predecessor in interest), CIE acknowledges that, except for as provided in this Section 3.10(a), no Licensor has any obligation to maintain coverage for any country, territory or any other jurisdiction (hereinafter referred to as a “Jurisdiction”). Should any Licensor determine that it no longer desires to maintain coverage in any Jurisdiction for any Licensed ▇▇▇▇ (other than the Sublicensed Marks), then (i) such Licensor shall provide CIE with no less than sixty day’s written notice of its intent with regard to same; (ii) such Licensor shall, upon written request by CIE, and solely to the extent, if at all, permitted by the terms of any financing agreement applicable to such Licensor, take such action (at CIE’s sole expense) as is necessary to assign such Licensed ▇▇▇▇(s) related to casino gaming services to CIE; provided that, (iii) upon CIE’s acceptance of ownership of any registration in a Jurisdiction, CIE shall maintain said registration during the term of this Agreement. In consideration for the transfer of such Licensed Marks, CIE shall pay such Licensor all costs and fees associated with the assignment of the Licensed Marks for each jurisdiction in which CIE becomes the registered owner of the Licensed ▇▇▇▇(s). In the event that a Licensor is not permitted to assign such Licensed ▇▇▇▇(s) pursuant to a previously executed agreement, upon CIE’s written request, such Licensor shall maintain coverage for such Licensed ▇▇▇▇(s) during the Term at CIE’s sole cost and expense. (b) Nothing herein shall be interpreted to mean that any Licensor has failed to maintain coverage in a Jurisdiction if it permits an individual application or registration to be withdrawn, modified and/or lapse, so long as such Licensor maintains coverage for a Licensed ▇▇▇▇ in that Jurisdiction for casino gaming services or, if registrations related to casino gaming services are not permitted in a Jurisdiction, so long as such Licensor maintains coverage for a Licensed ▇▇▇▇ for those services that are most closely related to casino gaming services. Notwithstanding anything herein to the contrary, the requirements of this paragraph as related to Licensors and the rights of CIE as herein described shall not apply with respect to coverage in the United States, its territories, or individual countries that comprise tha...
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Discontinuance of Coverage. If the Health Plan elects to discontinue offering this particular health benefit product in the individual market, the Health Plan shall:
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Discontinuance of Coverage. During the three fiscal years immediately preceding the date hereof, Company has not received any notice from any insurance carrier of any intention to discontinue any insurance policy, discontinue or decrease the insurance coverage under any insurance policy, or require any alterations or improvements to any of Company's facilities or properties.
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Related to Discontinuance of Coverage

  • Commencement of Coverage Coverage under the provisions of this article shall apply to regular full-time and regular part-time employees who work 15 regular hours or more per week and shall commence on the first day of the calendar month immediately following the completion of the employee's probationary period.

  • Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies (a) The Master Servicer shall maintain, for each Mortgage Loan, hazard insurance with extended coverage in an amount that is at least equal to the lesser of (i) the maximum insurable value of the improvements securing the Mortgage Loan and (ii) the greater of (y) the outstanding principal balance of the Mortgage Loan and (z) an amount such that the proceeds of the policy are sufficient to prevent the Mortgagor or the mortgagee from becoming a co-insurer. Each policy of standard hazard insurance shall contain, or have an accompanying endorsement that contains, a standard mortgagee clause. Any amounts collected under the policies (other than the amounts to be applied to the restoration or repair of the related Mortgaged Property or amounts released to the Mortgagor in accordance with the Master Servicer's normal servicing procedures) shall be deposited in the Certificate Account. Any cost incurred in maintaining any insurance shall not, for the purpose of calculating monthly distributions to the Certificateholders or remittances to the Trustee for their benefit, be added to the principal balance of the Mortgage Loan, notwithstanding that the Mortgage Loan so permits. Such costs shall be recoverable by the Master Servicer out of late payments by the related Mortgagor or out of Liquidation Proceeds to the extent permitted by Section 3.09. No earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired in respect of a Mortgage other than pursuant to any applicable laws and regulations in force that require additional insurance. If the Mortgaged Property is located at the time of origination of the Mortgage Loan in a federally designated special flood hazard area and the area is participating in the national flood insurance program, the Master Servicer shall maintain flood insurance for the Mortgage Loan. The flood insurance shall be in an amount equal to the least of (i) the original principal balance of the related Mortgage Loan, (ii) the replacement value of the improvements that are part of the Mortgaged Property, and (iii) the maximum amount of flood insurance available for the related Mortgaged Property under the national flood insurance program. If the Master Servicer obtains and maintains a blanket policy insuring against hazard losses on all of the Mortgage Loans, it shall have satisfied its obligations in the first sentence of this Section 3.10. The policy may contain a deductible clause on terms substantially equivalent to those commercially available and maintained by comparable servicers. If the policy contains a deductible clause and a policy complying with the first sentence of this Section 3.10 has not been maintained on the related Mortgaged Property, and if a loss that would have been covered by the required policy occurs, the Master Servicer shall deposit in the Certificate Account, without any right of reimbursement, the amount not otherwise payable under the blanket policy because of the deductible clause. In connection with its activities as Master Servicer of the Mortgage Loans, the Master Servicer agrees to present, on behalf of itself, the Depositor, and the Trustee for the benefit of the Certificateholders, claims under any blanket policy. (b) The Master Servicer shall not take any action that would result in non-coverage under any applicable Primary Insurance Policy of any loss that, but for the actions of the Master Servicer, would have been covered thereunder. The Master Servicer shall not cancel or refuse to renew any Primary Insurance Policy that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder unless the replacement Primary Insurance Policy for the canceled or non-renewed policy is maintained with a Qualified Insurer. The Master Servicer need not maintain any Primary Insurance Policy if maintaining the Primary Insurance Policy is prohibited by applicable law. The Master Servicer agrees, to the extent permitted by applicable law, to effect the timely payment of the premiums on each Primary Insurance Policy, and any costs not otherwise recoverable shall be recoverable by the Master Servicer from the related liquidation proceeds. In connection with its activities as Master Servicer of the Mortgage Loans, the Master Servicer agrees to present, on behalf of itself, the Trustee and the Certificateholders, claims to the insurer under any Primary Insurance Policies and, in this regard, to take any reasonable action in accordance with the Servicing Standard necessary to permit recovery under any Primary Insurance Policies respecting defaulted Mortgage Loans. Any amounts collected by the Master Servicer under any Primary Insurance Policies shall be deposited in the Certificate Account or the Collection Account (as applicable).

  • Verification of Coverage Consultant shall furnish City with original certificates of insurance, as well as amendatory endorsements or copies of the applicable policy language effecting coverage required by this Agreement. All documents must be received and approved by the City before any Services commence; provided, however, that failure to obtain the required documents prior to the commencement of Services shall not waive Consultant’s obligation to provide them. The City reserves the right to require complete, certified copies of all required insurance policies, at any time.

  • Termination of Coverage This Contract may be terminated as follows:

  • Maintenance of Insurance Policies The Servicer shall, in accordance with its customary practices, policies and procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, track such physical damage insurance with respect to each Receivable.