Statement of Coverage and Premium definition

Statement of Coverage and Premium means the document issued by AFSC to the Insured outlining coverage that has been accepted by AFSC and the premium owed by the client, and premium paid by federal and provincial government.
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Statement of Coverage and Premium means the document issued by AFSC to the Insured outlining insurance Coverage that has been accepted by AFSC and the Premium owed by the client for Straight Hail Insurance.
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Examples of Statement of Coverage and Premium in a sentence

  • The Insured should review their Statement of Coverage and Premium carefully to ensure it is complete and accurate.

  • Information provided by the Insured is used to generate a Statement of Coverage and Premium, which explains Coverage and Premium and states AFSC’s Coverage limit.

  • Statement of Coverage and Premium (billing) Review your billing to ensure it is accurate and complete.

  • AFSC reserves the right to deny additional Coverage when information contained on the Statement of Coverage and Premium reflects what is reported on the Land Report.

  • AFSC reserves the right to deny additional Coverage when information contained on the Statement of Coverage and Premium reflects what is reported by the last day of February.

  • When completing acceptance inspections, reseed inspections, unseeded inspections or acreage verification, AFSC will issue a revised Statement of Coverage and Premium based on the crop type and actual number of seeded acres calculated by AFSC and any Indemnity calculation shall be based on the crop type and actual acres determined.

  • When completing acceptance inspections or acreage verification, AFSC will issue a revised Statement of Coverage and Premium based on the crop type and actual number of seeded acres calculated by AFSC and any Indemnity calculation will also be based on the crop type and actual acres.

  • The amount of insurance and limits of Coverage for each Insured Crop is shown on the Statement of Coverage and Premium.

  • Loss to crops that are damaged by a Designated Peril prior to AFSC issuing a Statement of Coverage and Premium to the Insured.

  • This penalty will display on the Statement of Coverage and Premium and increase the Premium up to 90 percent of the Elected Acres.

Related to Statement of Coverage and Premium

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

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

  • 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.

  • 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.

  • 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.