PERIOD OF INSURANCES BOUND. 13.1 No insurance shall be bound for a period greater than that stated in 13.1 of the Schedule; 13.2 Every insurance bound shall incept during the period of the Agreement; 13.3 No insurance shall be bound further in advance of its inception date than the number of days stated in 13.3 of the Schedule; 13.4 Each insurance bound shall run to its contractual expiry date, unless cancelled or terminated in accordance with the insurance’s cancellation or termination provisions; 13.5 In the event of cancellation or termination of any insurance bound the Coverholder shall comply with any applicable law relating to the cancellation or termination of such insurance and to the return of premium, commission, fees, charges and taxes.
Appears in 10 contracts
Samples: Binding Authority Agreement, Binding Authority Agreement, Binding Authority Agreement
PERIOD OF INSURANCES BOUND. 13.1 12.1 No insurance shall be bound for a period greater than that stated in 13.1 12.1 of the Schedule;
13.2 12.2 Every insurance bound shall incept during the period of the Agreement;
13.3 12.3 No insurance shall be bound further in advance of its inception date than the number of days stated in 13.3 12.3 of the Schedule;
13.4 12.4 Each insurance bound shall run to its contractual expiry date, unless cancelled or terminated in accordance with the insurance’s cancellation or termination provisions;
13.5 12.5 In the event of cancellation or termination of any insurance bound the Service Company Coverholder shall comply with any applicable law relating to the cancellation or termination of such insurance and to the return of premium, commission, fees, charges and taxes.
Appears in 3 contracts
Samples: Service Company Underwriting Agreement, Service Company Underwriting Agreement, Underwriting Agreement
