Common use of Appraisal of Loss Clause in Contracts

Appraisal of Loss. The Appraisal of Loss section is not applicable. Agreement Cancellation and Refunds If YOU have made a CLAIM or if YOU cancel more than sixty (60) days after the purchase date, YOU or a person authorized by YOU will receive a prorated refund of the purchase price, less a $50 administration fee, which represents the actual cost needed to issue and service the Agreement. State Disclosure THIS AGREEMENT IS SUBJECT TO LIMITED REGULATION BY THE OFFICE OF THE COMMISSIONER OF INSURANCE.