Common use of Policy period and premium Clause in Contracts

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. 1.2.1 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 exceptions, limitations and endorsements of the policy.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 scheduledue date, 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.payment.‌

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 exceptions, limitations 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 scheduledue date, 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;; and 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. 1.2.1 We will, in consideration of the payment of the premium and for the period of insuranceinsurance , provide insurance in accordance with the sections of the policy shown as ‘operative’ in the schedule, subject to the conditions, exceptions exceptions, limitations 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 scheduledue date, 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 f rom taking effect and the policy will continue if the late premium instalment and any other remaining premium instalments are paid and accepted before b efore 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 let ter p ost 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;; and 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 f rom any claim payment.