Premium Refund. We will give any refund of Premiums, if due, to Subscriber.
Premium Refund. Unless a written request for waiver of this paragraph is received and approved in writing by the Company, the earned premium and premium refund, if any, is to be calculated as follows:
Premium Refund. A Standard Flood Insurance Policy- holder whose property has been deter- mined not to be in a special hazard area after the map revision or a Letter of Map Amendment under part 70 of this subchapter may cancel the policy within the current policy year provided
(a) he was required to purchase or to maintain flood insurance coverage, or both, as a condition for financial as- sistance, and (b) his property was lo- cated in an identified special hazard area as represented on an effective FHBM or FIRM when the financial as- sistance was provided. If no claim under the policy has been paid or is pending, the full premium shall be re- funded for the current policy year, and for an additional policy year where the insured had been required to renew the policy during the period when a revised map was being reprinted. A Standard Flood Insurance Policyholder may can- cel a policy having a term of three (3) years, on an anniversary date, where the reason for the cancellation is that a policy of flood insurance has been ob- tained or is being obtained in substi- tution for the NFIP policy and the NFIP obtains a written concurrence in the cancellation from any mortgage of which the NFIP has actual notice; or the policyholder has extinguishing the insured mortgage debt and is no longer required by the mortgagee to maintain the coverage. In such event, the pre- mium refund shall be pro rata but with retention of the expense constant. [43 FR 2573, Jan. 17, 1978. Redesignated at 44 FR 31177, May 31, 1979, as amended at 49 FR 33658, Aug. 24, 1984; 53 FR 16279, May 6, 1988]
Premium Refund. If for any reason a premium or premiums be paid for an Assurance after it shall have been terminated as above, the receipt by the Company of the same shall not constitute a continuation of this Assurance but any premium or premiums so paid shall be refunded and the Company shall be under no liability in respect of the coverage. Where premiums have been received by the Company in excess of a Life Assured’s eligibility under the terms and conditions of this Supplementary Contract, the excess premiums shall be refunded.
Premium Refund a. If this policy is cancelled, we will send you any premium refund due.
b. If we cancel, the refund will be pro rata, except as provided in c. below.
c. If the cancellation results from your failure to pay, when due, any premium to us or any amount, when due, under a premium finance agreement, then the refund may be less than pro rata. Calculation of the return premium at less than pro rata represents a penalty charged on unearned premium.
d. If you cancel, the refund will be 90% of pro rata.
e. The cancellation will be effective even if we have not made or offered a refund.
Premium Refund. AICCO agrees that in the event it receives any return premiums that have not previously been credited to ClearPoint’s Account, AICCO shall promptly advise ClearPoint and credit any and all such additional return premiums against the Settlement Payments due hereunder in reverse order thereof; or refund such additional return premiums to ClearPoint if received after the date on which all Settlement Payments have been tendered by ClearPoint to AICCO.
Premium Refund. If this policy is terminated pursuant to paragraph 16.2, the Company shall refund any unearned premium computed at short rates. If this policy is terminated under paragraphs 16.3 or 16.4 the refund shall be computed pro rata.
Premium Refund. Notwithstanding the foregoing, if within 60 days of a Student Loan’s applicable Sale Date a “Refund Event” (as defined below) occurs with respect to such Student Loan, the Seller shall refund to the Purchaser, within 30 days of Seller’s receipt of Purchaser’s written request, an amount equal to the product of (i) the dollar amount of the premium paid by Purchaser for such Student Loan, as determined pursuant to Appendix A, and (ii) a fraction, the numerator of which is the principal amount received by Purchaser in connection with such Refund Event and the denominator of which is the principal amount of such Student Loan as of its Cut-off Date. A “Refund Event” means the refund (by one or more holders of the prior student loans that have been consolidated into the Student Loans sold to the Purchaser) of some or all of the principal such previous holder received in connection with such consolidation.
Premium Refund. The Insurer shall return a proportion of premiums (corresponding to the unexpired period of insurance) of individuals in the group against whom no claims are made.
Premium Refund. Upon commutation under (1) above, the Reinsurer shall pay to the Reinsured a "PREMIUM REFUND" equal to the positive balance, if any, of the Experience Account after deducting the value of the commuted Ceded Unpaid Ultimate Net Loss as per (1) above. Payment of the Ceded Unpaid Ultimate Net Loss and Premium Refund, if any, by the Reinsurer as described above shall constitute a complete and final release of the Reinsurer in respect of any and all of the Reinsurer's obligations of any nature whatsoever to the Reinsured under or related to this Agreement.
