CHANGE IN RISK. The named insured shall give notice of any change to covered operations which materially increases the risk covered under this policy. Until the insurer has agreed in writing to accept liability for such change in risk, such agreement not to be unreasonably withheld, no coverage shall be provided under the policy for any pollution condition or claim due altogether or in part to any such change in risk.
CHANGE IN RISK. The Insured shall within fourteen (14) days give notice to the Company and shall pay such additional premium, if at any time or from time to time, any change in risk shall occur materially varying any of the facts existing at the date of the proposal. Else, the Company has a right to terminate this Policy or this Policy shall cease to be in forced.
CHANGE IN RISK. 7.1 The premium rates and conditions shall apply to the activities of the insured (parties) within the scope of the capacity described in the policy.
7.2 If said activities change considerably, the insurers shall be authorised to put forward an adjustment of premium rates and/or conditions.
7.3 The policyholder shall be obliged to notify the insurers of such change within a reasonable period; nevertheless, cover shall remain in full force and effect.
7.4 If said change constitutes such an increase of risk that the insures do not wish to continue this insurance or only wish to continue this insurance against adjusted premium rates and/or conditions, the insurers shall advise the policyholder thereof within thirty (30) days after receipt of the notification referred to in article 7.3, on the understanding that:
7.4.1 If the premium rates and/or conditions are adjusted, the policyholder shall have the right to refuse said adjustment during a period of thirty (30) days after notification thereof. In that case cover for the changed activities shall expire as of the day on which the insurers received the notification of said refusal.
7.4.2 If the insurers inform the policyholder that they do not wish to cover the changed activities under the insurance, the policyholder shall have the right to cancel the insurance during a period of thirty (30) days after notification thereof. In that case the insurance shall expire as of the day on which the insurers received the notification thereof.
7.5 In the event of a failure to notify the insurers as referred to in article 7.3, the insurers shall only be liable to provide indemnity for such loss or damage which would also have been for the account of the insurers had the activities of the insured (parties) within the scope of the capacity described in the policy not been changed.
CHANGE IN RISK. Unless otherwise expressly stated nothing contained herein shall give any rights against the Company to any person other than the Insured. Further, the Company shall not be bound by any passing of the interest of the Insured otherwise than by death or operation of law unless and until the Company shall by endorsement hereon declare the insurance to be continued.
CHANGE IN RISK. The Participant shall give immediate notice in writing to the Takaful Operator of any material change in his or her occupation, business, duties or pursuits and pay any additional Contribution that may be required by the Takaful Operator.
CHANGE IN RISK. If the Bank, upon claims arising against the customer, has initially dispensed wholly or partly with demanding that security be provided or increased, it may nonetheless make such a demand at a later time, provided, however, that circumstances occur or become known which justify a higher risk assessment of the claims against the customer. This may, in particular, be the case where – the economic status of the customer has changed or threatens to change for the worse or – the value of the existing security has deteriorated or threatens to deteriorate. The Bank has no right to demand security if it has been expressly agreed that the customer either does not have to provide any security or must only provide that security which has been specified. For consumer loan agreements, the Bank is entitled to demand that security be provided or increased only if such security is specified in the loan agreement; if, however, the net loan amount exceeds 75,000 Euros, the Bank may demand that security be provided or increased even if the loan agreement does not contain any or any exhaustive details on security.
CHANGE IN RISK. 6.4.1 Immediate written notice must be given to Us at any of Our offices of any changes in the Life Assured’s occupation. Upon receipt of such notice, We may at Our discretion alter the terms, conditions, Premiums, and benefits of this Policy accordingly.
6.4.2 We shall be under no liability to pay any benefit under this Policy if the Life Assured without any prior notice to Us, engaged or was employed in any occupation, business or pursuits which in the opinion of Us (whose decision shall be final) is more hazardous or involves greater risk to life or health than the occupation, business or pursuits specified to Us earlier.
CHANGE IN RISK. The Insured shall be under a continuing duty, during the Period of Insurance, to notify the been presented to the Insurers. Such changes shall be subject to agreement by Insurers and may require an additional premium to be charged. There shall be no coverage for any claims resulting from any changed element of the risk unless the changed element of the risk has been notified to and agreed by Insurers.
CHANGE IN RISK. You shall give immediate notice in writing to Us of any material change in Your occupation, business, duties or pursuits and pay any additional premium that may be required by Us.
CHANGE IN RISK. The Insured Person shall give immediate notice in writing to the Company of any material change in his or her occupation, business, duties or pursuits and pay any additional premium that may be required by the Company. Charges for eligible medical expenses are covered in full for treatment in a Malaysian Government Hospital for each illness or injury, provided the claimant does not transfer from or to a private hospital for treatment and the room and board charge is not greater than that provided under the chosen plan applicable to the claimant. Eligibility for benefits starts 30 days after the Insured Person has been included in the Policy, except for a covered Accident occurring after the effective date of coverage. If this Policy shall have commenced immediately upon termination of a preceding policy and if an Insured Person shall have been afflicted with a medical disability prior or at the time this Policy started (and benefits under the preceding policy would have been available to him), such Insured Person shall continue to be covered for the existing disability, but not to exceed the limits of the previous policy on condition the Company has secured a copy of the preceding policy.
