Common use of Cancellation of Policies Clause in Contracts

Cancellation of Policies. No insurance policy placed under this Agreement may be returned to SIM for flat cancellation on or after the effective date of the policy. Earned premium shall be calculated and charged on every insurance policy cancelled after the effective date in accordance with the cancellation provisions therein.

Cancellation of Policies. No insurance policy placed under this Agreement may be returned to SIM for flat flat cancellation on or after the effective effective date of the policy. Earned premium shall be calculated and charged on every insurance policy cancelled after the effective effective date in accordance with the cancellation provisions therein.