We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Premium Reimbursement Clause in Contracts

Premium Reimbursement. If your insurance is terminated or cancelled during the term, we will reimburse the premium as follows: 1. The entirety of your premium is reimbursed if: a) your Insurance Application is denied; or b) you are considered not eligible on the effective date of insurance; or c) your insurance is cancelled in the 20 days following receipt of a copy of the Insurance Application. 2. In all other cases, your reimbursement is calculated using one of the two calculation methods below, pending receipt of your notice of termination:

Appears in 6 contracts

Samples: Insurance Certificate, Insurance Certificate, Insurance Certificate

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!