Common use of Group’s Right to Cancel Clause in Contracts

Group’s Right to Cancel. the Policy This policy is guaranteed renewable at the option of the Group. Group indicates its desire to continue coverage by its timely payment of each premium as it becomes due. Group may cancel this policy for any reason. To cancel the policy purchased on the SHOP, Group must follow all SHOP processes and timing. To cancel the policy purchased through Company Off-Exchange, Group must give the Company WRITTEN NOTICE of its intent to cancel. GROUP MAY NOT VERBALLY CANCEL THIS COVERAGE. GROUP’S WRITTEN NOTICE OF CANCELLATION MUST BE GIVEN TO COMPANY PRIOR TO OR ON THE EFFECTIVE DATE OF THE CANCELLATION AND MUST BE

Group’s Right to Cancel. the Policy This policy is guaranteed renewable at the option of the Group. Group indicates its desire to continue coverage by its timely payment of each premium as it becomes due. Group may cancel this policy for any reason. To cancel the policy purchased on the SHOP, Group must follow all SHOP processes and timing. To cancel the policy purchased through Company Off-Exchange, Group must give the Company WRITTEN NOTICE of its intent to cancel. GROUP MAY NOT VERBALLY CANCEL THIS COVERAGE. GROUP’S WRITTEN NOTICE OF CANCELLATION MUST BE GIVEN TO COMPANY PRIOR TO OR ON THE EFFECTIVE DATE OF THE CANCELLATION AND MUST BE