Group insurance means insurance other than creditor’s group insurance and family insurance, whereby the lives or well-being, or the lives and well-being, of a number of persons are insured severally under a single contract between an insurer and an employer or other person (“assurance collective”) Property Insurance Proceeds Proceeds of any title policy, hazard policy or other insurance policy covering a Mortgage Loan, to the extent such proceeds are received by the Servicer and are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the Servicer's servicing procedures, subject to the terms and conditions of the related Mortgage Note and Mortgage. Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor. Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof. Insurance premium finance company means a person engaged in the business of
§3801 et seq., as the same may be amended from time to time. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.
Related to HomeProtector® Insurance Premium
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