what does no-lapse mean
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no lapse guarantee no lapse guarantee. Dictionary of Insurance Terms for: no lapse guarantee. no lapse guarantee. agreement by the insurance company to keep the universal life insurance policy in force, even if the cash value becomes zero or less than zero, provided that a specified minimum continuation premium is made at the required time.
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What does Plea Entered: NOLO CONTENDERE or NOLLE-PROS Disposition: WITHHOLD ADJDCTN mean? That is an odd disposition. Nolo contendere is basically no contest (not admitting guilt but not saying not guilty either). Nolle prosse means they dropped the charge. Withhold means you plead guilty but it was not a conviction so you would not have gotten points on your license for it. Hope this helped, good luck.
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Go/no go In general go/no go testing refers to a pass/fail test principle using two boundary conditions or a binary classification. The test is passed only when the Go condition is met and also the No go condition fails. The test gives no information as to the degree of conformance to, or deviation from the boundary conditions. These tests can be used for statistical process control purposes. There are specific SPC tools that use parameter based measurements for determining the stability of a process.
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nonrepudiation Email nonrepudiation involves methods such as email tracking that are designed to ensure that the sender cannot deny having sent a message and/or that the recipient cannot deny having received it. This was first published in September 2008.
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- The lapse of time during which a given event has not happened, is, in this logic of habit, constantly alleged as a reason why the event should never happen, even when the lapse of time is precisely the added condition which makes the event imminent.
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Definition of 'lapse' lapse1 in Insurance (læps) A lapse is a failure to renew a policy by the policyholder or the insurer. Renewal notices are sent approximately 45 days prior to your present license expiration date, and it is the responsibility of each licensee to ensure that their licenses are current and there is no lapse.
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- By Susan Munroe. Definition: In Canada, a non-confidence motion is a motion in the House of Commons, which, if passed, means that the government has lost the confidence of the House.The government must then either resign or ask the governor general to dissolve Parliament and call an election.efinition: In Canada, a non-confidence motion is a motion in the House of Commons, which, if passed, means that the government has lost the confidence of the House.
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Lapse rate The lapse rate is defined as the rate at which atmospheric temperature decreases with increase in altitude. The terminology arises from the word lapse in the sense of a decrease or decline. While most often applied to Earth's troposphere, the concept can be extended to any gravitationally supported parcel of gas.he decrease of an atmospheric variable with height, the variable being temperature unless otherwise specified. In the lower regions of the atmosphere (up to altitudes of approximately 12,000 metres (39,000 ft), temperature decreases with altitude at a fairly uniform rate.
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- NONRENEwAl Nonrenewal denotes your company’s refusal to renew your policy. An insurance company may nonrenew your policy for any reason by letting you know at least 30 days in advance of the renewal date of the policy.RefundsAll refunds, due to cancellation of the policy, are calculated on a pro-rata basis.
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"What does ""No Vacancy"" Mean?" The presence of a no vacancy sign is a means of indicating to people in the immediate area that the building or edifice bearing the sign has reached its capacity and does not have any additional room for people or any type of storage needs.
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What You Should Know About No-Decompression Limit (NDL) Updated April 30, 2016. A no-decompression limit (NDL) is a time limit for the amount of time a diver can stay at a give depth. No-decompression limits vary from dive to dive, depending upon depth and previous recent dive profiles.
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lapse In its broadest sense, the term lapse describes the loss of any right or privilege because of the passage of time or the occurrence or nonoccurrence of a certain event. It is often used by legislatures in reference to governmental concerns.
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- With the no-lapse feature or “secondary guarantee,” the policies promise to stay in. effect for the guaranteed period (usually the insured’s life) if the premium is paid regularly and on. time, even if the cash value has run out. Long-term secondary guaranteed policies first appeared in the marketplace about a decade.
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- 1.3k Views. A time-lapse is usually a series of still images taken at regular intervals (as in, there is a lapse between the times at which the images are taken) and then turned into a video sequence.
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Motion of no confidence As a parliamentary motion, it demonstrates to the head of state that the elected parliament no longer has confidence in (one or more members of) the appointed government. A censure motion is different from a no-confidence motion. No Confidence leads to compulsory resignation of the council of ministers whereas Censure is meant to show disapproval and does not result in the resignation of ministers.
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What Happens When A Life Insurance Policy Lapses A life insurance policy lapse means that life insurance coverage is no longer active. No death claim payments will be made if an insured passes, no policy changes can be made, and there is no cash surrender value at this point. To avoid lapse always make your scheduled payments on time to your life insurance company.
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Lapse and anti-lapse Lapse and anti-lapse are complementary concepts under the law of wills, which address the disposition of property that is willed to someone who dies before the testator (the writer of the will).
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- a momentary lapse of reason meaning, a momentary lapse of reason definition | English Cobuild dictionary. PlayStop. Search also in: Web News Encyclopedia Images. Something that is momentary lasts for a very short period of time, for example for a few seconds or less. adj (=brief)
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How to revive a lapsed insurance policy As a result your policy lapses and you end up losing life cover. Primarily there are two kinds of insurance policies. One type of policy is simple insurance without any investment, also called as term policy.The other type is an insurance policy with investment option. In case of the former, if you fail to pay the premium regularly, you can say the policy has lapsed.Lapsing of insurance policy is quite common.s a result your policy lapses and you end up losing life cover. Primarily there are two kinds of insurance policies. One type of policy is simple insurance without any investment, also called as term policy.
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What does the phrase â you snooze, you loseâ meanâ¦? It means you snoozed too long on one of the 3 events, since it's a triathlon. It also can mean that people don't wait forever for problems or issues to be resolved. Eventually they move on, and stop waiting for a resolution.
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lapse Lapse. The termination or failure of a right or privilege because of a neglect to exercise that right or to perform some duty within a time limit, or because a specified contingency did not occur. The expiration of coverage under an insurance policy because of the insured's failure to pay the premium.
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Optional Benefits Nonforfeiture: A Nonforfeiture Benefit must be offered with Long Term Care Insurance policies. The nonforfeiture benefit is designed to ensure that if you lapse your policy (i.e., stop paying premiums) after a specified number of years, you retain some benefits from the policy. There are currently two common types of nonforfeiture benefits being offered with certain insurance policies covering long term care services.
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Motion of no confidence A motion of no confidence (alternatively vote of no confidence, censure motion, no-confidence motion, or (unsuccessful) confidence motion) is a statement or vote which states that a person in a superior position—be it government, managerial, etc.—is no longer deemed fit to hold that position.
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- Isolated severe thunderstorms with a potential for large hail and wind damage are possible today across parts of the southern Plains into the northern Ozarks. Marginally severe thunderstorms with strong wind gusts and hail are also possible from the Ohio Valley into the central and northern Appalachians. Athens, Athens Airport (KAHN)
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What Does Florida No Fault Insurance Mean? What Does Florida No Fault Insurance Mean? June 12, 2014 by Mike Hancock No fault insurance means that your car insurance will pay some or all of your medical bills and lost earnings if you get into a car accident, regardless of who was at fault for the car accident.
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- re•lapse. 1. to fall or slip back into a former state or practice: to relapse into silence. 2. to fall back into illness after convalescence or apparent recovery. 3. to fall back into wrongdoing or error. 4. an act or instance of relapsing.