Non-Payment of Premium. If reinsurance premiums are delinquent, the Reinsurer has the right to terminate the reinsurance risks on those policies listed on the delinquent monthly statement by giving the Ceding Company ninety days' advance written notice. If the delinquent premiums have not been paid as of the close of the ninety-day period, the Reinsurer's liability will terminate for the risks described in the delinquency notice. Regardless of the termination, the Ceding Company will continue to be liable to the Reinsurer for all unpaid reinsurance premiums earned.
Non-Payment of Premium. Company may, in accordance with the notice provisions contained in §5.2.1, terminate the coverage of one or more individual Covered Persons for non-payment of Premium without terminating this Agreement as to other Covered Persons for whom Premiums have been received by Company.
Non-Payment of Premium. The Member violates published policies applicable to this Plan which have been approved by the Washington State Insurance Commissioner.
Non-Payment of Premium. Your Premium is due on the Premium due date. You must pay the Premium within the Grace Period. During this period, this Policy will continue to be in force, but if any sum becomes payable by Us during the Grace Period, the amount of any unpaid Premium will be deducted accordingly. If You fail to make the payment by the end of the Grace Period, this Policy will automatically terminate.
Non-Payment of Premium. If the premium has not been paid when due, we may cancel at any time by giving the required notice at least 15 days before cancellation is effective.
Non-Payment of Premium. In case of non-payment of the premium, in whole or in part, within the prescribed time, we will incur no liability for and cover shall be forfeited for all Debts resulting from Deliveries made during the period in relation to which the premium was not paid.
Non-Payment of Premium. The Reinsurer may terminate this Contract with 30 days prior written notice, and shall have no liability hereunder, in the event the Company fails to pay any reinsurance consideration for any reason, including insolvency, within ten business days of the date such consideration is due. The Company may avoid termination by paying any and all amounts that are delinquent on or before the effective date of termination.
Non-Payment of Premium. 7.1. You agree to pay all premiums and other charges on or before the due date as set out in our invoice or debit note or any evidence of cover, as applicable.
7.2. Should you or your agents fail to pay the premium or any instalment of it in full with cleared funds in the invoiced currency by the due date, the insurance contract may be cancelled by us or by insurers in accordance with any cancellation clause in the policy.
7.3. We will advise you if insurers have imposed a premium payment warranty or condition.
7.4. Where insurers have specified a premium payment warranty, they must receive the premium due by that date. If you do not think you will be able to comply with the premium warranty please contact us immediately.
7.5. Where applicable, any other party with an interest in the insurance contract will be advised of any non- payment of premium and given the opportunity to pay the outstanding amounts.
Non-Payment of Premium. 6.1 Should an Insured, Cedant or Broker fail to pay the premium or any instalment of it in full with cleared funds in the invoiced currency by the due date (as specified within PPW), the insurance contract will be deemed void from the outset (ab initio) or cancelled by The Company in accordance with the cancellation clause in the policy.
6.2 The Company incorporates within its practices a PPW into all insurance and reinsurance contracts and transactions.
6.3 The PPW is a condition precedent to liability under the policy and no claim will be paid in any circumstance in the event of a breach of the PPW.
Non-Payment of Premium. (a) Notice of Rights and Consequences of Non-Payment of Premiums In the event Contractor terminates an Enrollee’s coverage in a QHP in accordance with Section 4.17 of Attachment A, Contractor must include the following informational and appeals language in all termination notices: “If you have specific questions about your xxxx, please call the State of Vermont’s Customer Service line: 1 (855) 899-9600. For additional help with questions about health care and health insurance, call the Vermont Health Care Ombudsman’s Office for free assistance: 1 (800) 889-2047.” “If your coverage was terminated, and you believe termination is due to a billing or payment error, you have the right to a Fair Hearing before the Vermont Human Services Board. You have 90 days from the date of this letter to request a Fair Hearing, and may do so verbally by calling the State of Vermont’s Customer Service line: 1 (855) 899-9600. All appeals are processed in accordance with fair hearing rules as promulgated by the Human Services Board pursuant to 3 V.S.A. § 3091(b).” Additionally, Contractor will work with interested parties to create notices, by January 1, 2014, for Advance Premium Tax Credits recipients, that may include specific dates following the premium due date during which coverage remains in force and an enrollee may pay the premium without penalty, in addition to the end date for the 90 day Grace Period. Notices shall also include sufficient information to communicate consequences of failure to satisfy outstanding premiums by the end of a Grace Period.
