Common use of Policy Cancellation Clause in Contracts

Policy Cancellation. 1. No policy, binder, bond, or cover note will be cancelled flat. 2. Notwithstanding the return of an original policy for cancellation, cancellation will not be effective until sufficient time has elapsed for proper notice to mortgagees, loss payees, certificate holders, public utility regulatory bodies, and other parties in cases where such notice is required.

Appears in 4 contracts

Samples: Agency Agreement, Agency Agreement, Sub Producer Agreement

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