Refund of Premium. Payment or tender of unearned premium is not a condition of cancellation. If the unearned premium is not refunded with the cancellation notice, it will be sent to you within a reasonable time.
Refund of Premium. If a Premium refund is payable when a policy of insurance is varied, cancelled or avoided, the Underwriting Agency will refund the client through the Broker. Refund of commission
Refund of Premium. Upon cancellation of this policy, we refund to you the premium for the unexpired policy period on a pro-rata basis. If we cancel, the pro-rata refund will be returned within 10 business days after the effective date of the cancellation. If the unearned premium is not refunded with the cancellation notice, it will be sent to you within the time frame stated. If you cancel the policy, the refund may be less than the pro-rata share and will be returned within 30 days after the effective date of the cancellation. The cancellation shall be effective even if a refund has not been offered or made. Any unearned premium amounts under $5.00 will be refunded only on your request. Payment or tender of unearned premium is not a condition of cancellation.
Refund of Premium. If the unearned premium is not refunded with the cancellation notice, it will be sent to you within a reasonable time.
Refund of Premium. In the event that the Purchase Price Percentage included a premium payment to the Seller, the Mortgagor prepays the Loan in full and terminates the Revolving Credit Loan within the first [**] months from the related Funding Date, and either the Note does not provide for a prepayment penalty or the prepayment penalty is unenforceable or insufficient to cover the premium paid by Purchaser to Seller, Seller shall refund to Purchaser all or a portion of the uncovered premium according to the following schedule, provided that Purchaser notifies Seller of such prepayment promptly, but in any event no later than eighteen (18) months following the Funding Date: [**]
Refund of Premium. If a premium is refunded for any reason by the Company, you agree to repay any amounts received on that policy, and such amount shall be in “Indebtedness” as that term is defined in Section 8a of this Agreement.
Refund of Premium. In the event that a purchase premium is paid by the Purchaser to the Seller with respect to a Mortgage Loan and such Mortgage Loan is prepaid in full, within a six month period following the related Closing Date, by the related Mortgagor, other than through refinancing by Purchaser or any Affiliate of Purchaser, Seller shall, upon demand by Purchaser, refund to Purchaser such purchase premium.
Refund of Premium. ① The Company shall refund the premium if any of the following events occurs in relation to the Contract:
1. When the principal changes the insured amount as regulated in the Article 5 herein.
2. The contract is terminated as regulated in the Article 12 herein.
3. The Underlying Contract is not entered into, even though the Principal received the Certificate issued by the Company. ② The Principal shall submit the Certificate and documents showing the reason for refund specified in paragraph ① above at the time of making the claim for refund of the premium. ③ The refund of premium in the subparagraph 1 of paragraph ① this Article will be the difference between the new premium after reducing insured amount of the remaining insurance period and the unearned premium of the Contract. ④ The amount of premium that the Company shall refund in the subparagraph 2 of paragraph ① this Article calculated by subtracting the earned premium (or, in case the minimum premium is higher than the earned premium, the minimum premium) from the premium received. The amount of premium that the Company shall refund in the subparagraph 3 of paragraph ① this Article is the remaining of the received premium or deposit after subtracting minimum premium. ⑥ The earned premium specified in paragraph ④ shall be calculated as below:
1. In case the Contract is terminated because the Obligor's obligations specified in the Underlying Contract are extinguished: calculated on the prorated daily basis, from the commencement date of the insurance period to the date of extinguishment of the Obligor's obligations;
2. When the Contract is terminated for other reasons: calculated on the prorated daily basis, from the commencement date of the insurance period to the date of receipt of application documents for refund of premium. ⑦ The unearned premium specified in paragraph ③ this Article shall be calculated by subtracting the earned premium from the premium received. ⑧ In case any loss is incurred, the premium shall not be refundable.
Refund of Premium. Refund of the premium will only be considered if written request is received by the Administrator prior to the Effective Date of Coverage. If written request is received after the Effective Date of Coverage, the unused portion of the Plan cost may be refunded, provided no claim has been submitted to the Administrator for reimbursement. Additionally, no refund will be made after a claim has been denied or not paid. Upon refund, neither the Company nor You shall have any further rights, liabilities, or obligations under this Certificate.
Refund of Premium. If a Premium refund is payable when a policy of insurance is varied, cancelled or avoided, the Wholesale Broker will refund the Client Brokers Client Directly.
