Common use of POLICY CANCELLATION OR NON-RE- NEWAL Clause in Contracts

POLICY CANCELLATION OR NON-RE- NEWAL. The insurer retains the right to cancel, modify or rescind the policy if statements on the health insurance application are found to be misrepresen- tations, incomplete, or if fraud has been committed, leading the insurer to approve an application when, with the correct or complete information, the insurer would have issued a policy with restricted cov- erage or declined to provide insurance. If the insured changes country of resi- dence, and the insured’s current plan is not available in the insured’s new country of residence, the insurer retains the right to cancel or modify a policy in terms of rates, deductibles or benefits, generally and spe- cifically, in order to offer the insured the closest equivalent insurance coverage pos- sible. Submission of a fraudulent claim is also grounds for rescission or cancellation of the policy. The insurer retains the right to cancel, non-renew or modify a policy on a “block” basis as defined in this policy, and the insurer will offer the closest equivalent coverage possible to the insured. No individual insured shall be independently penalized by cancellation or modification of the policy due solely to a poor claim record.

POLICY CANCELLATION OR NON-RE- NEWAL. The insurer retains the right to cancel, modify or rescind the policy if statements state- ments on the health insurance application applica- tion are found to be misrepresen- tationsmisrepresentations, incomplete, or if fraud has been committed, leading the insurer to approve an application applica- tion when, with the correct or complete information, the insurer would have issued a policy with restricted cov- erage coverage or declined to provide insurance. If the insured changes country of resi- dence, and the insured’s current plan is not available in the insured’s new country of residence, the insurer retains the right to cancel or modify a policy in terms of rates, deductibles or benefits, generally and spe- cificallyspecifically, in order to offer the insured the closest equivalent insurance coverage pos- siblepossible. Submission of a fraudulent claim is also grounds for rescission or cancellation of the policy. The insurer retains the right to cancel, non-non- renew or modify a policy on a “block” basis as defined in this policy, and the insurer will offer the closest equivalent coverage possible pos- sible to the insured. No individual insured shall be independently penalized by cancellation can- cellation or modification of the policy due solely to a poor claim record.