Common use of Grace Period Clause in Contracts

Grace Period. If premium payment is not received by the due date, the insurer will allow a grace period of thirty (30) days from the due date for the premium to be paid. If the premium is not received by the insurer prior to the end of the grace period, this policy and all of its benefits will be deemed terminated as of the original due date of the premium. Benefits are not provided under the policy during the grace period.

Appears in 24 contracts

Samples: Insurance Agreement, Insurance Agreement, Insurance Agreement

AutoNDA by SimpleDocs

Grace Period. If premium payment is not received by the due date, the insurer Insurer will allow a grace period of thirty (30) days from the due date for the premium to be paid. If the premium is not received by the insurer Insurer prior to the end of the grace period, this policy and all of its benefits will be deemed terminated as of the original due date of the premium. Benefits are not provided under the policy during the grace period.

Appears in 12 contracts

Samples: Insurance Policy, Insurance Agreement, Insurance Agreement

Grace Period. If premium payment is not received by the due date, the insurer Insurer will allow a grace period of thirty (30) days from the due date for the premium to be paid. If the premium is not received by the insurer Insurer prior to the end of the grace period, this policy and all of its benefits will be deemed terminated as of the original due date of the premium. Benefits are not provided under the policy during the grace periodperiod unless the policy is renewed.

Appears in 10 contracts

Samples: Insurance Agreement, Insurance Agreement, Membership Agreement

Grace Period. If premium payment is not received by the due date, the insurer Insurer will allow a grace period of thirty (30) days from the due date for the premium to be paid. If the premium is not received by the insurer Insurer prior to the end of the grace period, this policy and all of its benefits will be deemed terminated as of the original due date of the premium. Benefits are not provided under the policy during the grace period.the

Appears in 4 contracts

Samples: Insurance Agreement, Insurance Policy, Insurance Agreement

AutoNDA by SimpleDocs

Grace Period. If premium payment is not received by the due date, the insurer will allow a grace period of thirty (30) days from the due date for the premium to be paid. If the premium is not received by the insurer prior to the end of the grace period, this policy and all of its benefits will be deemed terminated as of the original 14 | TERMS AND CONDITIONS due date of the premium. Benefits are not provided under the policy during the grace period.

Appears in 2 contracts

Samples: Insurance Agreement, Insurance Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!