Common use of Material Change Clause in Contracts

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer or its local agent, and the Insurer when so notified may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured in writing that, if he desires the contract to continue in force, he must, within fifteen days of the receipt of the notice, pay to the Insurer an additional premium, and in default of such payment the contract is no longer in force and the Insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids avoids the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer or its local agent, and the Insurer when so notified may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured in writing that, if he desires the contract to continue in force, he must, within fifteen days of the receipt of the notice, pay to the Insurer an additional premium, and in default of such a payment the contract is no longer in force and the Insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids avoids the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer or its local agent, and the Insurer when so notified may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured in writing that, if he desires the contract to continue in force, he must, within fifteen days of the receipt of the notice, pay to the Insurer an additional premium, and in default of such payment the contract is no longer in force and the Insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids insured avoids the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer insurer or its local agent, ; and the Insurer insurer when so notified notify may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured insured in writing that, if he desires the contract to continue in force, he must, within fifteen days of the receipt of the notice, pay to the Insurer insurer an additional premium, ; and in default of such payment the contract is no longer in force and the Insurer insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids insured shall avoid the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer insurer or its local agent, and the Insurer insurer when so notified may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured insured in writing that, if he desires the contract to continue in force, he must, within fifteen days of the receipt of the notice, pay to the Insurer insurer an additional premium, and in default of such payment the contract is no longer in force and the Insurer insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids avoids the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer or its local agent, ; and the Insurer when so notified may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured in writing that, if he desires the contract to continue in force, he must, within fifteen Fifteen (15) days of the receipt of the notice, pay to the Insurer an additional premium, premium and in default of such payment the contract is no longer in force and the Insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids insured avoids the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer insurer or its local agent, ; and the Insurer insurer when so notified notify may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured insured in writing that, if he desires the contract to continue in i n force, he must, within fifteen days of the receipt of the notice, pay to the Insurer insurer an additional premium, ; and in default of such payment the contract is no longer in force and the Insurer insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids avoids the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer or its local agent, and the Insurer when so notified may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured in writing that, if he desires the contract to continue in force, he must, within fifteen 15 days of the receipt of the notice, pay to the Insurer an additional premium, and in default of such payment the contract is no longer in force and the Insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids shall avoid the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer or its local agent, and the Insurer when so notified may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured in writing that, if he desires the contract to continue in force, he must, within fifteen days of the receipt of the notice, pay to the Insurer an additional premium, and in default of such payment the contract is no longer in force and the Insurer shall return the unearned portion, if any, of the premium paid.

Material Change. Any change material to the risk and within the control and knowledge of the Insured voids insured avoids the contract as to the part affected thereby, unless the change is promptly notified in writing to the Insurer insurer or its local agent, and the Insurer insurer when so notified may return the unearned portion, if any, of the premium paid and cancel the contract, or may notify the Insured insured in writing that, if he the insured desires the contract to continue in force, he the insured must, within fifteen days of the receipt of the notice, pay to the Insurer insurer an additional premium, and in default of such payment the contract is no longer in force and the Insurer insurer shall return the unearned portion, if any, of the premium paid.