Amount of Coverage definition

Amount of Coverage means an employee's bi-weekly benefit expressed as a percentage of normal salary;
View Source
Amount of Coverage means the amount of Term Life Insurance payable upon the death of the employee.
View Source
Amount of Coverage. Not less than the Principal Amount of the Loan on the Closing Date.
View Source

Examples of Amount of Coverage in a sentence

  • Scope of Coverage: Project Specific Type of Coverage: Occurrence Basis Amount of Coverage: $1,000,000 per occurrence $2,000,000 aggregate Policy Period: Annual Policy Effective until final completion of the Project Named Insured: Contractor Additional Insured Parties The Board of Regents of the Nevada System of Higher Education on behalf of CSN (its officers, employees and agents) A separate certificate of insurance evidencing the coverage required herein shall be provided to the Owner.

  • We recommend you consult a qualified tax advisor before requesting a decrease in Total Face Amount of Coverage Layers as described below.

  • Any reduction in the Total Face Amount, whether by Written Request or due to a withdrawal or change in Death Benefit Option, will affect the Total Face Amount by reducing the Face Amount of Coverage Layers as described below.

  • The Amount of Loan Insured and the Amount of Coverage for each individual Loan are as shown on Appendix A.

  • Type of Coverage Amount of Coverage $2,000,000 aggregate Proof of all insurance coverage shall be furnished to the City by way of an endorsement to same or certificate of insurance upon request by the City.

  • We recommend you consult your tax advisor before requesting a decrease in Total Face Amount of Coverage Layers as described below.

  • A waiver of subrogation shall be effective up to the Amount of Coverage as to a person or entity even though that person or entity would otherwise have a duty of indemnification, contractual or otherwise, did not pay the insurance premium directly or indirectly, and whether or not the person or entity had an insurable interest in the property damaged.

  • Employee costs/refunds as follows: Options Amount of Coverage Annual Cost To Employee Annual Cash Refund Core 60% 0 0 Opt I 65% $ 24 0 Opt II 70% $ 48 0 OPT OUT N/A N/A N/A An employee shall not accumulate vacation and sick leave days while on short-term disability.

  • Options Amount of Coverage Annual Cost to Employee Annual Cash Refund Core $100,000 0 0 Opt I $ 40,000 0 $48 Coverage shall be reduced beginning at age 65 according to the following table: 65 - 69 65% 70 - 74 45% 75 - 79 30% 80 and older 20% Optional term life insurance is available in an amount up to $100,000 at the bargaining unit member’s expense through payroll deduction at rates established for the employee’s specific age group.

  • Options Amount of Coverage Annual Cost to Employee Annual Cash Refund CORE $120,000 0 0 OPT I $50,000 0 $48 OPT II $25,000 0 $96 Bargaining unit members who elect either OPT I or OPT II will be subject to evidence of insurability should they elect the CORE benefit at a later date.


More Definitions of Amount of Coverage

Amount of Coverage. The amount of life insurance coverage for each principal will be $300,000. A principal may purchase additional life insurance at the principal’s expense but at the district rate for supplemental life insurance up to the amount permitted by the insurance carrier.
View Source
Amount of Coverage means the coverage amount you may elect pursuant to the terms of the Plan.
View Source
Amount of Coverage means employee's benefit expressed as a percentage of normal salary;
View Source
Amount of Coverage means a Member’s monthly Core LTD Benefit expressed as a percentage of normal salary. Age means the age of the Member on their last birthday when stated or calculated, or on the day when an event referred to under the Core LTD Program occurs.
View Source
Amount of Coverage means an employee's Long Term Disability Income benefit as expressed as a percentage of bi-weekly earnings.
View Source

Related to Amount of Coverage

  • Period of Coverage means the Plan Year, with the following exceptions: (a) for Employees who first become eligible to participate, it shall mean the portion of the Plan Year following the date on which participation commences, as described in Section 3.1; and (b) for Employees who terminate participation, it shall mean the portion of the Plan Year prior to the date on which participation terminates, as described in Section 3.2.

  • Evidence of coverage means any certificate, agreement or contract issued to an enrollee setting out the coverage to which the enrollee is entitled.

  • Certificate of Coverage means a written certification provided by any source that offers medical care coverage, including the Plan, for the purpose of confirming the duration and type of an individual’s previous coverage.

  • Effective Date of Coverage means the date of commencement of Coverage in respect of a Life Insured under the Policy pursuant to the provision on Commencement of Coverage.

  • Outline of coverage means a summary that explains an accident and health insurance policy.