Policy Exchanges Sample Clauses

The Policy Exchanges clause establishes the terms under which one insurance policy can be exchanged for another, typically within the same insurer or product line. In practice, this clause outlines the conditions, procedures, and any fees or limitations associated with swapping an existing policy for a different one, such as exchanging a term life policy for a whole life policy. Its core function is to provide policyholders with flexibility to adapt their coverage to changing needs, while ensuring the insurer manages risk and administrative processes effectively.
Policy Exchanges. Unless otherwise agreed by the parties, the Company will not make any targeted exchange offers with regards to the Reinsured Contracts or otherwise target the Reinsured Contracts for replacement.
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Policy Exchanges. (a) For the term of this Agreement, unless Reinsurer has provided prior written consent, Cedant shall not, and shall not permit any of its Affiliates to, directly or indirectly, solicit or encourage on a targeted, programmatic or systematic basis any policyholders, contractholders, owners, insureds, or beneficiaries under any Reinsured Policy to exchange, convert or transfer Reinsured Policies for other policies or contract types written by Cedant or any of its Affiliates that are not reinsured under this Agreement; provided, however, this Section 2.16(a) shall not preclude Cedant from offering or maintaining a policy that allows, or otherwise allowing, a policyholder, contractholder, owner, insured or beneficiary of a Reinsured Policy to exchange such Reinsured Policy, or otherwise engage in a transaction that would result in a replacement of such Reinsured Policy, with another contract that is not reinsured hereunder at the request of such policyholder, contractholder, owner, insured or beneficiary without the prior solicitation or encouragement of Cedant; provided, further, that the provision of notices to policyholders, contractholders, owners, insureds, or beneficiaries required by applicable Law or a Governmental Authority shall not constitute a violation of this Section 2.16(a). (b) For the term of this Agreement, unless Cedant has provided prior written consent, Reinsurer shall not, and shall not permit any of its Affiliates to, directly or indirectly, solicit or encourage on a targeted, programmatic or systematic basis any policyholders, contractholders, owners, insureds, or beneficiaries under any Reinsured Policy to exchange, convert or transfer Reinsured Policies for other policies or contract types written by Reinsurer or any of its Affiliates that are not reinsured under this Agreement; provided, however, this Section 2.16(b) shall not preclude Reinsurer from offering or maintaining a policy that allows, or otherwise allowing, a policyholder, contractholder, owner, insured or beneficiary of a Reinsured Policy to exchange such Reinsured Policy, or otherwise engage in a transaction that would result in a replacement of such Reinsured Policy, with another contract that is not reinsured hereunder at the request of such policyholder, contractholder, owner, insured or beneficiary without the prior solicitation or encouragement of Reinsurer; provided, further, that the provision of notices to policyholders, contractholders, owners, insureds, or bene...
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Policy Exchanges. Unless the Reinsurer has provided its prior written consent, the Company shall not, and shall not permit its Affiliates to, directly or indirectly, undertake, solicit, sponsor or support any exchange program in respect of the Reinsured Contracts or otherwise target in a directed, programmatic or systematic manner the Reinsured Contracts for replacement.
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Related to Policy Exchanges

  • Policy and Procedures If the resident leaves the facility due to hospitalization or a therapeutic leave, the facility shall not be obligated to hold the resident’s bed available until his or her return, unless prior arrangements have been made for a bed hold pursuant to the facility’s “Bed Reservation Policy and Procedure” and pursuant to applicable law. In the absence of a bed hold, the resident is not guaranteed readmission unless the resident is eligible for Medicaid and requires the services provided by the facility. However, the resident may be placed in any appropriate bed in a semi-private room in the facility at the time of his or her return from hospitalization or therapeutic leave provided a bed is available and the resident’s admission is appropriate and meets the readmission requirements of the facility.

  • Summary of Policy and Prohibitions on Procurement Lobbying Pursuant to State Finance Law §139-j and §139-k, this Contract includes and imposes certain restrictions on communications between OGS and a Vendor during the procurement process. A Vendor is restricted from making contacts from the earliest notice of intent to solicit offers/bids through final award and approval of the Procurement Contract by OGS and, if applicable, the Office of the State Comptroller (“restricted period”) to other than designated staff unless it is a contact that is included among certain statutory exceptions set forth in State Finance Law §139-j(3)(a). Designated staff, as of the date hereof, is identified in Appendix G, Contractor and OGS Information, or as otherwise indicated by OGS. OGS employees are also required to obtain certain information when contacted during the restricted period and make a determination of the responsibility of the Vendor pursuant to these two statutes. Certain findings of non-responsibility can result in rejection for contract award and in the event of two findings within a four-year period; the Vendor is debarred from obtaining governmental Procurement Contracts. Further information about these requirements can be found on the OGS website: ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/aboutOgs/regulations/defaultSFL_139j-k.asp.

  • Application of Policy The policy is to apply to everyone on site without distinction.

  • Application of Takeover Protections; Rights Agreements The Company and the Board of Directors have taken all necessary action, if any, in order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other similar anti-takeover provision under the Company’s charter documents or the laws of its state of incorporation that is or could reasonably be expected to become applicable to any of the Purchasers as a result of the Purchasers and the Company fulfilling their obligations or exercising their rights under the Transaction Documents, including, without limitation, the Company’s issuance of the Securities and the Purchasers’ ownership of the Securities.

  • Policies, Guidelines, Directives and Standards Either the Funder or the Ministry will give the HSP Notice of any amendments to the manuals, guidelines or policies identified in Schedule C. An amendment will be effective in accordance with the terms of the amendment. By signing a copy of this Agreement the HSP acknowledges that it has a copy of the documents identified in Schedule C.