Policy period and premium. 1.5.1 The policy will provide insurance as described herein for the period of insurance provided the premium(s) and other charges are paid to and accepted by the insurer on or before the payment date shown in the schedule. Taxes, levies and other relevant fiscal charges are payable in addition to the premium.
1.5.2 The premium is deemed paid and accepted on receipt by the insurer or the broker appointed to place this insurance with the insurer.
1.5.3 If any premium (including a premium instalment) is not paid and accepted by the insurer on or before its payment date shown in the schedule the insurer can give written notice to the insured at its address shown on the schedule, cancelling the policy with effect from the seventh (7th) day after the notice has been served. Cancellation will be prevented from taking effect and the policy will continue if the late premium instalment and any other remaining premium instalments are paid and accepted before the cancellation takes effect. Without prejudice to other forms of service, notice of cancellation is deemed to be served on the third (3rd) day after being posted if sent by pre-paid letter post properly addressed.
Policy period and premium. 1.2.1 We will, in consideration of the payment of the premium and for the period of insurance, provide insurance in accordance with the sections of the policy shown as ‘operative’ in the schedule, subject to the conditions, exceptions and endorsements of the policy.
1.2.2 If any instalment of premium is not paid and accepted by us on or before its payment date shown in the schedule, we can give written notice to you at the address shown on the schedule cancelling the policy with effect from the seventh (7th) day after the notice has been served, but that cancellation will be prevented from taking effect and the policy will continue if the late premium instalment and any other remaining premium instalments are paid and accepted before the cancellation takes effect. Without prejudice to other forms of service, notice of cancellation is deemed to be served on the third (3rd) day after being posted if sent by pre-paid letter post properly addressed.
1.2.3 The annual premium remains due in full if during the current period of insurance:
a) a claim has been made for which we have made payment;
b) a claim has been made which is still under consideration;
c) an incident has happened which is likely to lead to a claim but is yet to be reported to us.
1.2.4 Where the annual premium is not paid in full we will deduct any outstanding amounts from any claim payment.
Policy period and premium. 1.5.1 The policy will provide insurance as summarised in clauses 1.3 and 1.4 above for the period of insurance it being a condition precedent to the insurer’s liability under this policy that the premium and additional charges are paid to and accepted by the insurer, on or before the payment date shown in the schedule. Taxes, levies and other relevant fiscal charges shall be payable in addition to the premium.
1.5.2 The premium is deemed paid and accepted upon receipt by the insurer or the intermediary appointed to place this insurance with the insurer.
1.5.3 If any premium (including the instalment of premium) is not paid and accepted by the insurer on or before its payment date stated in the schedule, the insurer can give written notice to the insured at its address shown on the schedule cancelling the policy with effect from the seventh (7) day after the notice has been served
1.5.4 Notwithstanding clause 1.5.3 above, any cancellation will be prevented from taking effect and the policy shall continue if the late premium instalment and all remaining premium instalments are paid and accepted before the cancellation takes effect. Without prejudice to other forms of service, notice of cancellation is deemed to be served on the third (3rd) day after being posted if sent by pre-paid letter post properly addressed.
1.5.5 It is agreed that the insurer shall not give less than fifteen (15) days prior notice of cancellation to the insured via the broker. If the premium due is paid in full to the insurer before the notice period expires, notice of cancellation shall be automatically revoked. If not, the policy shall automatically terminate at the end of the notice period.
Policy period and premium. 1.4.1 The policy will provide insurance as described in clause 2 for the period of insurance provided the premium and other charges are paid to and accepted by the insurer on or before the payment date shown in the schedule. The premium is deemed paid and accepted on receipt by the insurer or on receipt by the intermediary appointed to place this insurance with the insurer.
1.4.2 Taxes, levies and other relevant fiscal charges are payable in addition to the premium.
1.4.3 All instalments of premium must be paid by the insured and accepted by the insurer on or before its payment date shown in the schedule, failing which the insurer can give written notice to the insured at its address shown on the schedule cancelling the policy with effect from the seventh (7th) day after the notice has been served, but that cancellation will be prevented from taking effect and the policy will continue if the late premium instalment and any other remaining premium instalments are paid and accepted before the cancellation takes effect. Without prejudice to other forms of service, notice of cancellation is deemed to be served on the third (3rd) day after being posted if sent by pre- paid letter post properly addressed.
Policy period and premium. 1.4.1 We will provide cover for the period of insurance so long as the premium and other charges are paid and accepted by us or our intermediary on or before the commencement of this insurance policy. Taxes and levies and other relevant charges are payable in addition to the premium.
1.4.2 If the premium is not paid your cover is cancelled and you will no longer have any insurance protection.
Policy period and premium. 1.5.1 The policy will provide insurance as described in clauses 1 3 and 1 4 above for the period of insurance it being a condition precedent that the premium and other charges are paid to and accepted by the insurer on or before the forty fifth (45th) day from the inception of the policy (and, in respect of instalment premiums, by the date they are due) The premium is deemed paid and accepted on receipt by the insurer
1.5.2 Taxes, levies and other relevant fiscal charges are payable in addition to the premium
1.5.3 If any instalment of premium is not paid and accepted by the insurer on or before its payment date shown in 1 5 1, the insurer shall have the right to cancel the policy by notifying the insured via the broker in writing In the event of cancellation, premium is due to the insurer on a proportionate basis for the period that the insurer is on risk, but the full premium shall be payable to the insurer in the event of a loss or occurrence prior to the date of termination which gives rise to a valid claim under this policy
1.5.4 It is agreed that the insurer shall not give less than fifteen (15) days prior notice of cancellation to the insured via the broker If the premium due is paid in full to the insurer before the notice period expires, notice of cancellation shall be automatically revoked If not, the policy shall automatically terminate at the end of the notice period
Policy period and premium. 1.5.1 We will provide insurance as described herein for the period of insurance so long as you pay the premium(s) and other charges to us or your intermediary and we or the intermediary accept the premium(s) and other charges on or before the commencement date of this insurance policy. Taxes, levies and other relevant fiscal charges are payable in addition to the premium.
1.5.2 If any premium (including a premium instalment) is not paid to and accepted by us, we can cancel the policy and you will have no insurance protection.
Policy period and premium. 6.13.1 The policy will provide insurance as described in this policy for the period of insurance provided the premium and other charges are paid to and accepted by the insurer. Taxes, levies and other relevant fiscal charges are payable in addition to the premium.
6.13.2 The premium is deemed paid and accepted on receipt by the insurer or the intermediary appointed to place this insurance with the insurer.
6.13.3 If the premium is not paid and accepted by the payment date the insurer may elect to cancel the policy and in so doing shall have no liability to indemnify any claim, or circumstance notified under clause 5.1.2, already notified to the policy.
6.13.4 The payment to the company named in the schedule of any return premium that may be payable under or in respect of this policy will satisfy the insurer’s obligation to return such premium.
