Fully insured definition
Fully insured means that 100 percent of the deposit amount is covered by an effective deposit insurance scheme. Deposit balances up to the deposit insurance limit can be treated as “fully insured”. However, any amount in excess of the deposit insurance limit is to be treated as ‘less stable’. For example, if a depositor has a deposit of BD 150,000 that is covered by a deposit insurance scheme, which has a limit of BD 100,000, where the depositor would receive at least BD 100,000 from the deposit insurance scheme if the bank were unable to pay, then BD 100,000 would be considered “fully insured” and treated as stable deposits, while BD 50,000 would be treated as less stable deposits.
Fully insured in this Rule means insured at such insured value as the Committee determines represents the market value of the insured vessel, disregarding any charter or other engagement to which she may be committed.
Fully insured in paragraph 1 of this Rule means insured at such insured value as in the discretion of the Board represents the full market value of the insured vessel, disregarding any charter or other engagement to which she may be committed.
Examples of Fully insured in a sentence
See the instructions to the Form 5500 in Section 4: Direct Filing Entity (DFE) Filing Requirements.Exceptions: (1) Fully insured, unfunded, or a combination of unfunded/insured welfare plans and fully insured pension plans that meet the requirements of 29 CFR 2520.104-44 are exempt from completing the Schedule H.
Fully insured brokered deposits (included in Memorandum item 1.b above):1.
Fully insured and Self-Funded Exclusive Provider Organization, Point-of-Service, and Preferred Provider Organization (PPO) options are addressed in a separate manual.
Town funds may be invested in the following types of securities: Obligations of the U.S. government and its agencies Fully insured or collateralized certificates of deposit at commercial banks and savings and loan associations Repurchase agreements collateralized by U.
Fully insured brokered deposits (included in Memorandum item 1.b above): ////////////////// (1) Issued in denominations of less than $100,,000....................................
More Definitions of Fully insured
Fully insured means that 100% of the deposit amount, up to the deposit insurance limit, is covered by an effective deposit insurance scheme. Deposit balances up to the deposit insurance limit can be treated as “fully insured” even if a depositor has a balance in excess of the deposit insurance limit. However, any amount in excess of the deposit insurance limit is to be treated as “less stable”. For example, if a depositor has a deposit of $150 that is covered by a deposit insurance scheme, which has a limit of $100, where the depositor would receive at least $100 from the deposit insurance scheme if the financial institution were unable to pay, then $100 would be considered “fully insured” and treated as stable deposits while $50 would be treated as less stable deposits. However if the deposit insurance scheme only covered a percentage of the funds from the first currency unit (e.g. 90% of the deposit amount up to a limit of $100) then the entire $150 deposit would be less stable.
Fully insured means that the insurance coverage on the vehicle is at least $500,000 single limit liability, $500,000 uninsured motorist coverage and $500,000 underinsured motorist coverage.
Fully insured means an arrangement where a licensed entity is liable to pay all health care benefits, less any contractual deductibles, coinsurance or copayments to be made by the enrollee. The liability of the licensed entity for payment of the covered services or benefits is directly to the individual employee, member or dependent(s) receiving the health care services or benefits. The contract issuance claims payment and administration and all other insurance related functions remain the ultimate responsibility of the licensed entity.
Fully insured means a worker or self-employed worker has earned at least one quarter of coverage for each year beginning with the later of June 30, 1968, or the year in which the worker or the self-employed worker attains the age of twenty-one (21) years and ending with the year before the year of death, attaining retirement age, or the year of becoming disabled, whichever first occurs; provided, however, that a worker or self-employed worker who dies, attains retirement age, or becomes disabled prior to October 1, 1983, must have no less than eight (8) quarters of coverage and a worker or self-employed worker who dies, attains retirement age, or becomes disabled after September 30, 1983, must have no less than twelve (12) quarters of coverage; provided, further, that the maximum number of quarters of coverage required shall be no more than thirty-eight (38) quarters.
Fully insured means that for the health care benefits or coverage provided or offered by or through a multiple employer welfare arrangement:
Fully insured means that 100% of the deposit amount, up to the deposit insurance limit, is covered by an effective deposit insurance scheme. Deposit balances up to the deposit insurance limit can be treated as “fully insured” even if a depositor has a balance in excess of the deposit insurance limit. Any amount in excess of the deposit insurance limit is to be treated as “less stable”.