Common use of Nonpayment of Premium Clause in Contracts

Nonpayment of Premium. If the premium has not been paid when due, we may cancel at any time by delivering or mailing to you the required notice at least fifteen days before cancellation is effective. Payment by you to the insurer, or to an agent or broker authorized to receive such payment, shall be considered timely if made within fifteen days after the mailing to you of a notice of cancellation for nonpayment of premium.

Appears in 22 contracts

Samples: Insurance Policy, Insurance Policy, Manufacturers’ and Contractors Liability Insurance

AutoNDA by SimpleDocs

Nonpayment of Premium. If the premium has not been paid when due, we may cancel at any time by delivering or mailing to you the required notice at least fifteen days before cancellation is effective. Payment by you to the insurer, or to an agent or broker authorized to receive such payment, shall be considered timely if made within fifteen days after the mailing to you of a notice of cancellation for nonpayment of premium.

Appears in 2 contracts

Samples: Business General Liability Insurance Agreement, Business General Liability Insurance Agreement

AutoNDA by SimpleDocs

Nonpayment of Premium. If the premium has not been paid when when-due, we may cancel at any time by delivering or mailing to you the required notice at least fifteen days before cancellation is effective. Payment by you to the insurer, or to an agent or broker authorized to receive such payment, shall be considered timely if made within fifteen days after the mailing to you of a notice of cancellation for nonpayment of premium.

Appears in 1 contract

Samples: Business General Liability Insurance Agreement

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