Policy or Contract definition

Policy or Contract means the following types of policies or contracts issued by a Member Insurer to persons described in W. Va. Code §33-26A-3(a):
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Policy or Contract means life insurance, accident and
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Examples of Policy or Contract in a sentence

  • Submission of an application for a Policy or Contract after Notice of such amendment will constitute agreement of the Broker-Dealer to such amendment.

  • No Compensation will be paid on any Policy or Contract issued as a result of the conversion of group life insurance.

  • Company reserves the right, in its sole discretion, not to issue a Policy or Contract.

  • Notwithstanding anything to the contrary in the Agreement or any Commission Schedule, Company has the right to determine what, if any, compensation will be allowed when premium payments made during any policy or contract year exceed Company’s premium limits in place when the Policy or Contract was issued and placed.

  • If the Company pays any Compensation on premium that exceeds such limits, the Broker-Dealer will have an immediate obligation to, and will upon demand, repay the Company all the Compensation previously paid to the Broker-Dealer or its Affiliate related to such Policy or Contract as a result of such premiums payments exceeding Company’s limits.

  • Submission of an application for a Policy or Contract after notice of such amendment will constitute agreement of the Broker-Dealer to such amendment.

  • While not limited to the following, a determination of suitability shall be based on information furnished to a sales representative after reasonable inquiry of such applicant concerning the applicant's insurance and investment objectives, financial situation and needs, and the likelihood of whether the applicant will persist with the Policy or Contract for such a period of time that ETLIC's acquisition costs are amortized over a reasonable period of time.

  • If Broker/Dealer induces or attempts to induce any Policy or Contract Owner to relinquish an Insurance Policy except under circumstances where there is reasonable grounds for believing the policy, contract or certificate is not suitable for such person, Broker-Dealers right to receive any compensation under this agreement shall cease and terminate.

  • While not limited to the following, a determination of suitability shall be based on information furnished to a sales representative after reasonable inquiry of such applicant concerning the applicant's insurance and investment objectives, financial situation and needs, and the likelihood of whether the applicant will persist with the Policy or Contract for such a period of time that Farm Bureau's acquisition costs are amortized over a reasonable period of time.

  • While not limited to the following, a determination of suitability shall be based on information furnished to a sales representative after reasonable inquiry of such applicant concerning the applicant’s insurance and investment objectives, financial situation and needs, and the likelihood of whether the applicant will persist with the Policy or Contract for such a period of time that ETLIC’s acquisition costs are amortized over a reasonable period of time.

Related to Policy or Contract

  • Major Contract means (i) any management agreement relating to the Properties or the Loan Parties, (ii) any agreement between any Loan Party and any Affiliate of any Relevant Party and (iii) any brokerage, leasing, cleaning, maintenance, service or other contract or agreement of any kind (other than Leases) relating to the Properties, in each case involving payment or expense of more than One Million and No/100 Dollars ($1,000,000) during any twelve (12) month period, unless cancelable on thirty (30) days or less notice without requiring payment of termination fees or payments of any kind.

  • Other Contract means any agreement entered into between the Contractor and the City that is (i) formed under the authority of MCC Ch. 2-92; (ii) for the purchase, sale or lease of real or personal property; or (iii) for materials, supplies, equipment or services which are approved and/or authorized by the City Council.

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management and TO Contractor dated December 19, 2005.

  • Preneed funeral contract means any agreement where payment is made by the consumer prior to