master policy

Equally, there may be a separate policy for each individual or a master policy, covering everyone in the scheme.

This was the master policy directive for the economic exploitation of the conquered Soviet Union.

We are also aware that other terms (such as 'master policy') can be used to describe the type of policy held by CPP.

The contractual provisions in the master policy have received increased scrutiny since the subprime mortgage crisis in the United States.

All cover under this plan will be terminated in the event of non payment of premium or cancellation of the Master Policy.

The least costly, said Mr. Marcus, is to call the insurance company holding the master policy and ask it to send a security expert to make an evaluation.

It is particularly important with ASU Schemes that reference is made to the master policy as this is the definitive statement of cover.

The master policy includes various conditions including exclusions (conditions for denying coverage), conditions for notification of loans in default, and claims settlement.

In other affinity plans there is a body to whom the insured members are affiliated to (hence the term affinity) who is generally the master policy holder.

However, it should be remembered that whilst the master policy will refer to the financial institution as the 'Policyholder' it is their client who is our insured customer.

In mortgage insurance, a master policy issued to a bank or other mortgage-holding entity (the policyholder) lays out the terms and conditions of the coverage under insurance certificates.

The cover afforded by the Master Policy issued to HCI Club Holidays office is set out below; no separate certificate(s) will be issued.

For example, In India, broker procured group term insurance, unlike Canada, does not intrinsically have any price advantage to the buyer i.e. the Master Policy Holder.

Any business that wishes to use the services of ESPC must operate under the Law Society of Scotland's Master Policy for Professional Indemnity Insurance.

The most well-known example is in the Solicitors' Indemnity Rules 1989, at General Condition 6.1.1 of Schedule 3the "Master Policy" covering the first layer of claims against all solicitors.

Full details of the Terms, Conditions and Exclusions will be sent with your invoice or you may ask for a copy of the Master Policy beforehand should you wish to inspect it.

Master policies generally require timely notice of default include provisions on monthly reports, time to file suit limitations, arbitration agreements, and exclusions for negligence, misrepresentation, and other conditions such as pre-existing environmental contaminants.

Further, the board's master policy on the structures will often pay for any interior damage that goes beyond the common elements by extending coverage further than the detailed division of responsibility spelled out in the bylaws or proprietary lease.

The premium may be collected by the master policy holder and remitted one shot to the insurer or the master policy holder may decide to pay this themselves (frequent in India).

The idea is that the master policy indemnifies the buyer and the buyer's mortgagee for any diminution in the market value of the property arising from adverse entries between the date of the search and the date of exchange.

In an Employer Employee Voluntary Plan (sometimes referred to as the "top up insurance plan") the employer acts as the master policy holder and collects the premium from individual members and submits it to the insurer.

The policy is issued in the name of the Master Policy Holder ( the employer in employer - employee groups) who will share the details of all employees on a regular basis with the insurer so that at any point in time only those in active employment are covered.

Ltd.) of Mitre House, 177 Regent Street, London W1R 8LA, so that all persons travelling on holidays advertised in this brochure will be covered under a Master Policy held by us, on payment of the insurance premium, unless they indicate to the contrary on their holiday booking form.