Common use of Florida Clause in Contracts

Florida. CANCELLATION OF THE AGREEMENT section is amended as follows: If You cancel this Agreement, return of premium shall be based upon ninety percent (90%) of the unearned pro-rata premium less any claims that have been paid or less the cost of repairs made on Your behalf. If this Agreement is cancelled by the Obligor or Administrator, return of premium shall be based upon one hundred percent (100%) of the unearned pro-rata premium less any claims that have been made or less the cost of repairs made on Your behalf. If the Covered Property is sold during the term of this Agreement, You may transfer this Agreement to the new owner by mailing, and providing the date of new ownership, new owner’s name, complete address, and telephone number and an Administrator fee of forty dollars ($40) payable to Administrator. A copy of the Agreement is available upon request. The rate charged for this service agreement is not subject to regulation by the Florida Office of Insurance Regulation. Arbitration section is amended to add the following: Arbitration proceedings shall be conducted in the county in which the consumer resides. Georgia: CANCELLATION OF THE AGREEMENT section is amended as follows: Cancellation will comply with O.C.G.A. 33-24-44 of the Georgia Code. All provisions of this section apply except, if You cancel this Agreement, You shall be entitled to a refund of 90% of the unearned pro-rata amount of the paid agreement fee; and if We cancel Agreement, You shall be entitled to a refund of 100% of the unearned pro-rata amount of the paid agreement fee. Claims paid and cancellation fees shall not be deducted from any refund owed as a result of cancellation. ARBITRATION section of this Agreement is removed. Hawaii: CANCELLATION OF THE AGREEMENT section is amended as follows: A ten percent (10%) penalty per month will be applied to refunds not paid or credited within forty-five (45) days of receipt of returned Agreement.

Florida. CANCELLATION OF THE AGREEMENT section is amended as follows: If You cancel this Agreement, return of premium shall be based upon ninety percent (90%) of the unearned pro-rata premium less any claims that have been paid or less the cost of repairs made on Your behalf. If this Agreement is cancelled by the Obligor or Administrator, return of premium shall be based upon one hundred percent (100%) of the unearned pro-rata premium less any claims that have been made or less the cost of repairs made on Your behalf. If the Covered Property is sold during the term of this Agreement, You may transfer this Agreement to the new owner by mailing, and providing the date of new ownership, new owner’s name, complete address, and telephone number and an Administrator fee of forty dollars ($40) payable to Administrator. A copy of the Agreement is available upon request. The rate charged for this service agreement is not subject to regulation by the Florida Office of Insurance Regulation. Arbitration section is amended to add the following: Arbitration proceedings shall be conducted in the county in which the consumer resides. Georgia: CANCELLATION OF THE AGREEMENT section is amended as follows: Cancellation will comply with O.C.G.A. 33-24-44 of the Georgia Code. All provisions of this section apply except, if You cancel this Agreement, You shall be entitled to a refund of 90% of the unearned pro-rata amount of the paid agreement fee; and if We cancel Agreement, You shall be entitled to a refund of 100% of the unearned pro-rata amount of the paid agreement fee. Claims paid and cancellation fees shall not be deducted from any refund owed as a result of cancellation. ARBITRATION section of this Agreement is removed. Hawaii: CANCELLATION OF THE AGREEMENT section is amended as follows: A ten percent (10%) penalty per month will be applied Funding party must hold a power of attorney in order to refunds not paid or credited within fortycancel the Agreement for non-five (45) days of receipt of returned Agreementpayment.