Refund of Unearned Premium. Any unearned premium resulting from any cancellation or termination of coverage on specific Covered Equipment will be returned to the Member. The premium earned will be based on the percentage of the term for which coverage has been provided under this Policy, with the percentage determined by the number of months coverage was in effect divided by the total number of months in the coverage term.
Refund of Unearned Premium. If Your policy terminates due to death, We will refund, on a pro-rata basis, the portion of any premiums paid which were applied to periods following the date of Your death. TOTAL DISABILITY BENEFIT Monthly Benefit Payment. We will pay the Monthly Benefit if You are Totally Disabled and the Elimination Period has been satisfied. We will only pay Monthly Benefits while You are Totally Disabled or to the end of the Maximum Benefit Period, whichever is first. Monthly Benefits will be paid for only one of two or more Concurrent Total Disabilities. A Total Disability from the same Sickness or Injury is subject to one Maximum Benefit Period. We will not pay for both Sickness and Injury for the same period of Total Disability. If You receive social insurance benefits, We will reduce the Monthly Benefit, up to 50%, by the amount of the social insurance benefits You receive. Social insurance benefits are: - Social Security Disability Benefit; - Workers' Compensation; - Government Retirement and Disability Fund Benefit; and
Refund of Unearned Premium. In event of termination by the CEDING COMPANY of any reinsurance on which a premium has been paid to the REINSURER covering the risk beyond the date of such termination, the REINSURER shall return the unearned premium (not the policy fee, if any) to the CEDING COMPANY.
Refund of Unearned Premium. If this policy terminates due to death, We will refund, on a pro-rata basis, the portion of any premiums paid which were applied to periods following the date of Your death.
