INSURANCE PREMIUM. 1. The insurance premium is determined by the Insurer and is specified in the insurance policy. 2. The insurance premium shall be paid as one-off payment on insurance conclusion. No deferred payment of insurance premium (in installments) is allowed. 3. Additional premium is the additional amount payable by the Assured/Insured, which corresponds to an obligation of the Insurer for: extension of the cover, changes in the risk covered, extension of the period of the insurance or another change in the conditions of the insurance policy.
Appears in 6 contracts
Samples: General Conditions of Insurance, Insurance Agreement, Bulstrad Travel Package Insurance
