BY THE INSURED Sample Clauses

BY THE INSURED. You may cancel this policy at any time. If you do, we will refund any premium that is due based on the unused portion of the period of insurance.
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BY THE INSURED. No Insured may assign, transfer, novate or dispose of any of, or any interest in its rights and/or obligations under this Guarantee except that, if the Policy pursuant to which such rights arise expressly permits such transfer and such transfer has been made on or prior to the date on which the Company became liable to make a payment to the Insured under that Policy, the Insured may transfer its rights under this Guarantee to the transferee of the Policy rights.
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BY THE INSURED. The Insured may cancel this Policy at any time and with immediate effect, by written notice delivered to the Company. In the event of such cancellation, the Company will be entitled to a prorata proportion of the premium (subject to any adjustment required by the terms of this Policy) for the period the Policy has been in force. ❑ By the Company: The Company may cancel this Policy at any time by giving written notice to the Insured or the Insured’s NZbrokers Group insurance broker. The notice may be delivered personally or posted to the Insured’s or the Insured’s NZbrokers Group insurance broker‘s last known postal address. The cancellation will take effect at 4pm on the 30th day after the notice has been delivered or posted. In the event of such cancellation, the Company will refund to the Insured a pro- rata proportion of the premium (subject to any adjustment required by the terms of this Policy) for the unexpired period of the Policy. CLAIMS Upon becoming aware of any event giving rise, or likely to give rise, to a claim under this Policy, the Insured will: ❑ take prompt steps to minimise the Loss or Damage; ❑ take reasonable steps to protect the property from further Loss or Damage; ❑ immediately notify the Company; ❑ if a criminal act is suspected, inform the police; ❑ within thirty days or as soon as practicable thereafter, submit full particulars of the claim in writing to the Company. CURRENCY Where any Sum or Sums Insured, Special Limits, Deductibles or other amounts are stated, these amounts are in New Zealand Dollars (NZD) unless expressed otherwise. DEFINED WORDS This Policy and the Schedule shall be read together as one contract and words and expressions to which specific or special meanings have been given will, unless the context otherwise requires, have that same meaning whenever they may appear in the Policy. FRAUD If any claim is in any respect fraudulent or if any false declaration is made or used in support thereof or if any fraudulent means or devices are used by the Insured or anyone acting on behalf of the Insured to obtain any benefit under this Policy in respect of the claim, all benefit under this Policy in respect of that claim will be forfeited. For the purpose of this Condition, if the Insured comprises more than one person or entity, each of the Insured shall be treated as having been issued with a separate Policy. A breach of this Condition by one person or entity comprising the Insured shall not prevent any other person or ...
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BY THE INSURED. In case of decrease in risk if the Insurer refuses to reduce the premium (Article 25 of the 25 June - 1992 Act on Non-Marine Insurance). - By both parties: - In case of the Insured's winding up by court decision (Article 33 of the 25 June 1992 Act on Non-Marine Insurance). - It is herewith reminded that in case of non- payment of the premium by the Insured within the period laid down in the schedule, the contract will ipso jure be terminated without further notification, the premium and the recovery costs remaining fully payable by the Insured.
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BY THE INSURED. The Named Insured or Insurance Representative may terminate: a. this Policy; b. a Coverage Section of this Policy; c. an Insuring Agreement of this Policy; or d. coverage for any Insured; prior to the expiration of the Policy Period by providing the Insurer with prior written notice specifying the effective date of such termination and, in event of cancellation of this Policy in its entirety, such date will replace the Expiration Date set forth on ITEM 2 of the Declarations; provided, this Policy may not be terminated after the effective date of a Change of Control of the Named Insured or Insurance Representative as described in section III. CONDITIONS APPLICABLE TO ALL COVERAGE SECTIONS, H. CHANGE IN EXPOSURE, 3. CHANGE OF CONTROL.
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BY THE INSURED. The Named Insured has the right to cancel this policy: 1. By sending the Company written notice of its intent to cancel the Policy showing the date cancellation is to be effective; 2. By returning the original policy or a signed Lost Policy Release to the Company the date cancellation is to be effective.
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Related to BY THE INSURED

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

  • Insurance Reports Furnish to Lender, upon request of Lender, reports on each existing insurance policy showing such information as Lender may reasonably request, including without limitation the following: (1) the name of the insurer; (2) the risks insured; (3) the amount of the policy; (4) the properties insured; (5) the then current property values on the basis of which insurance has been obtained, and the manner of determining those values; and (6) the expiration date of the policy. In addition, upon request of Lender (however not more often than annually), Borrower will have an independent appraiser satisfactory to Lender determine, as applicable, the actual cash value or replacement cost of any Collateral. The cost of such appraisal shall be paid by Borrower.