Common use of EFFECTIVE DATE AND POLICY TERM Clause in Contracts

EFFECTIVE DATE AND POLICY TERM. This policy takes effect at 12:01 a.m. Standard Time on the effective date, from which date all insurance terms shall be calculated. It remains in force for the period for which premium has been paid. It may be renewed subject to the consent and conditions of the insurer for further consecutive terms, not exceeding twelve (12) consecutive months, upon payment of premium at the rate and in the amount determined at the time of renewal by the insurer.

EFFECTIVE DATE AND POLICY TERM. This policy is issued for the term as stated on the Policy Declaration Page. It takes effect at 12:01 a.m. a.m., Standard Time on Time, at the effective dateaddress of the Policyholder, from which date all insurance terms years shall be calculated. It remains continues in force for the period for which premium has been paid. It may be renewed subject to the consent and conditions of the insurer Insurer for further consecutive terms, not exceeding twelve (12) consecutive months, upon on payment of premium at the rate and in the amount determined at the time of renewal by the insurerrenewal.