Common use of Multi-Year WA Cancellation Clause in Contracts

Multi-Year WA Cancellation. If a multi-year WA is cancelled due to an action of the insured indicated in (1) of this subparagraph, the AIP which cancelled the policy shall notify the appropriate RO of the WA cancellation in writing (such as, e-mail, through XXX, etc.). The RO is not required to provide a letter of cancellation to the insured when the cancellation is initiated by the insured. (1) Multi-year WAs may be cancelled for any crop year by the insured or the AIP by providing written notification to the RO. The written notification to the RO must show that the request to cancel the WA was requested by the cancellation date specified in the policy or the WA, as applicable. In addition, when an insured cancels the policy: (a) to transfer to a policy/plan that is covered under a different BP, the insured effectively cancelled the WA by initiating the cancel and transfer even when insured with the same AIP. If the insured switches coverage within different plans under the same BP with the same AIP, the WA remains effective under the current plan of insurance if that plan of insurance was approved on the multi- year WA;

Appears in 2 contracts

Samples: Written Agreement Handbook, Written Agreement Handbook

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Multi-Year WA Cancellation. If a multi-year WA is cancelled canceled due to an action of the insured indicated in (1) of this subparagraph, the AIP which cancelled canceled the policy shall notify the appropriate RO of the WA cancellation in writing (such ase.g., e-mail, through XXXthe WA XXX system, etc.). The RO is not required to provide a letter of cancellation to the insured when the cancellation is initiated by the insured. (1) Multi-year WAs may be cancelled canceled for any crop year by the insured or the AIP by providing written notification to the RO. The written notification to the RO must show that the request to cancel the WA was requested by the cancellation date specified in the policy or the WA, as applicable. In addition, when an the insured cancels the policypolicy when: (a) to transfer the policy is transferred to a policy/plan that is covered under a different BP. In this case, the insured has effectively cancelled canceled the WA by initiating the cancel cancellation and transfer even when the insured remains with the same AIP. If the insured switches coverage within different plans but remains under the same BP with the same AIP, the WA remains effective under the current plan of insurance if that plan of insurance was approved on the multi- multi-year WA;

Appears in 1 contract

Samples: Written Agreement Handbook

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Multi-Year WA Cancellation. If a multi-year WA is cancelled due to an action of the insured indicated in (1) of this subparagraph, the AIP which cancelled the policy shall notify the appropriate RO of the WA cancellation in writing (such as, e-mail, through XXX, etc.). The RO is not required to provide a letter of cancellation to the insured when the cancellation is initiated by the insured. (1) Multi-year WAs may be cancelled for any crop year by the insured producer or the AIP by providing written notification to the RO. The written notification to the RO must show that the request to cancel the WA was requested by the cancellation date specified in the policy or the WA, as applicable. In addition, when an insured cancels the policy: (a) to transfer to a policy/plan that is covered under a different BP, the insured effectively cancelled the WA by initiating the cancel and transfer even when insured with the same AIP. If the insured switches coverage within different plans under the same BP with the same AIP, the WA remains effective under the current plan of insurance if as long as that plan of insurance was approved on the multi- multi-year WA;

Appears in 1 contract

Samples: Written Agreement Handbook

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