conversion privilege

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conversion privilege,

n the right of an individual covered by a group dental insurance policy to continue having coverage on a direct payment basis when association with the insured group is terminated.
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The ability of a conversion privilege and a departure from the APR to reduce the risk incentive is given by:
Conversion privileges with multiple product options can be crucial to the consumer who purchased term insurance at ultra-preferred rates at age 29 but has grown into a 38-year-old cancer survivor or a 42-year-old with weight issues, high blood pressure and high triglycerides.
To meet that need, AXA Equitable Life Insurance Company announced today that it's making it easier for Americans to secure their financial future by offering more competitive rates and improved conversion privileges on its new portfolio of term products -- AXA Equitable's Term Series(SM).
Holders of this series of debentures can take advantage of the share offer by exercising their conversion privileges and tendering their shares to Ivanhoe's concurrent offer for all of Cambridge's common shares.
Also, in 1997, SLI incurred a one time, non-cash charge of $1,688,000 associated with the conversion privileges attached to its October 1997 Private Placement of Convertible Preferred Stock.
Including this acquisition, Acktion Corporation and its affiliated companies own $17,711,000 of convertible debentures and 2,123,400 common shares, which upon exercise of all conversion privileges together with the present common share holdings will constitute beneficial ownership of 7,162,769 common shares representing 10.
0 million related to the beneficial conversion privileges on preferred stock, other non-recurring adjustments associated with Able's obtaining financial for a portion of the purchase price of MFS Network Technologies, and preferred stock dividends, the loss applicable to common shareholders is $5.
According to an announcement by Keith Rhodes, President and CEO of Paracelsian, private investors providing the financing are being offered preferred stock with conversion privileges.
0 million related to the beneficial conversion privileges on preferred stock, other non-recurring adjustments associated with Able's obtaining financing for a portion of the purchase price of MFS Network Technologies, and preferred stock dividends, the loss applicable to common shareholders is $5.
Each loan was converted into 324,675 shares pursuant to the conversion privileges of the debenture agreement and 57,423 additional shares pursuant to a performance clause in the same agreement.
Additionally, the existing holders of First Fidelity Series A 8% Cumulative Preferred Stock were issued WesBanco Series A 8% Cumulative Preferred Stock convertible into WesBanco Common Stock at the same conversion rate for common shareholders as would have applied had they converted their preferred stock into First Fidelity Common Stock immediately prior to the merger, and subject to substantially the same terms, conditions and conversion privileges as their existing preferred shares.
Additionally, the existing holders of First Fidelity Series A 8 percent Cumulative Preferred Stock will be issued WesBanco Series A 8 percent Cumulative Preferred Stock convertible into WesBanco common stock at the same conversion rate for common shareholders as would have applied had they converted such stock into First Fidelity common stock immediately prior to the merger, and subject to substantially the same terms, conditions and conversion privileges as their existing shares.