Common use of PERIOD OF INSURANCES BOUND Clause in Contracts

PERIOD OF INSURANCES BOUND. 8.1 No insurance shall be bound for a period greater than that stated in the Schedule; 8.2 Every insurance bound shall commence during the period of the Agreement; 8.3 No insurance shall be bound further in advance of its inception date than the number of days stated in the Schedule; 8.4 No insurance shall be bound which provides for automatic or tacit renewal, unless otherwise agreed by the Underwriters; 8.5 Each insurance bound shall run to its contractual expiry date, unless cancelled or terminated in accordance with its individual cancellation or termination provisions; 8.6 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.

PERIOD OF INSURANCES BOUND. 8.1 7.1 No insurance shall be bound for a period greater than that stated in the Schedule; 8.2 7.2 Every insurance bound shall commence during the period of the Agreement; 8.3 7.3 No insurance shall be bound further in advance of its inception date than the number of days stated in the Schedule; 8.4 7.4 No insurance shall be bound which provides for automatic or tacit renewal, unless otherwise agreed by the Underwriters; 8.5 7.5 Each insurance bound shall run to its contractual expiry date, unless cancelled or terminated in accordance with its individual cancellation or termination provisions; 8.6 7.6 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.