Refunds of Premiums. If premiums are paid for an individual who is not eligible for coverage, SHP will refund the amount paid in error, less the cost of any claims paid on that individual’s behalf.
Refunds of Premiums. Paragraph (1)(E) shall not apply to any re- fund on the death of the insured, or on a complete surrender or cancellation of the contract, which cannot exceed the aggregate premiums paid under the contract. Any re- fund on a complete surrender or cancellation of the contract shall be includible in gross income to the extent that any deduction or exclusion was allowable with respect to the premiums.
Refunds of Premiums. In the event that MONY America rejects an Application or a customer exercises his or her free look right under a Contract in a timely manner, MONY America will refund any Premium received by MONY America on account of such Application or Contract to the applicant or customer, as the case may be, unless any portion of the Premium was paid to MONY America by another insurance company as part of a 1035 exchange, in which case such portion shall be refunded to such other insurance company. MONY America will promptly notify the General Agent of all Premiums refunded and the party to whom such refunds were paid.
Refunds of Premiums. In the event that MONY America rejects an Application or a customer exercises his or her free look right under a Contract in a timely manner, MONY America will refund any Premium paid less any loan and accrued loan interest, received by MONY America on account of such Application or Contract to the person designated in the Application as the Contract owner. In states that permit a return of the Policy Account Value, MONY America will refund the Policy Account Value plus any monthly deductions plus any charges deducted from premium less any loan and accrued loan interest on account of such Application or Contract to the person designated in the Application as the Contract owner.
Refunds of Premiums. In the event that Equitable rejects an Application or a customer exercises his or her free look right under a Contract in a timely manner, Equitable will refund any Premium received by Equitable on account of such Application or Contract to the applicant or customer, as the case may be, unless any portion of the Premium was paid to Equitable by another insurance company as part of a 1035 exchange, in which case such portion shall be refunded to such other insurance company. Equitable will promptly notify the General Agent of all Premiums refunded and the party to whom such refunds were paid.
Refunds of Premiums. In the event that AXA Equitable rejects an Application or a customer exercises his or her free look right under a Contract in a timely manner, AXA Equitable will refund any Premium received by AXA Equitable on account of such Application or Contract, less any loans and accrued loan interest, to the person designated in the Application as the Contract owner. In states that permit a return of the Policy Account Value, AXA Equitable will refund the Policy Account Value plus any monthly deductions plus any charges deducted from premium less any loan and accrued loan interest on account of such Application or Contract to the person designated in the Application as the Contract owner.
Refunds of Premiums. In the event that MONY Life rejects an Application or a customer exercises his or her free look right under a Contract in a timely manner, MONY Life will refund any Premium received by MONY Life on account of such Application or Contract to the applicant or customer, as the case may be, unless any portion of the Premium was paid to MONY Life by another insurance company as part of a 1035 exchange, in which case such portion shall be refunded to such other insurance company. MONY Life will promptly notify the General Agent of all Premiums refunded and the party to whom such refunds were paid.
Refunds of Premiums. In the event that Equitable of Colorado rejects an Application or a customer exercises his or her free look right under a Contract in a timely manner, Equitable of Colorado will refund any Premium received by Equitable of Colorado on account of such Application or Contract to the applicant or customer, as the case may be, unless any portion of the Premium was paid to Equitable of Colorado by another insurance company as part of a 1035 exchange, in which case such portion shall be refunded to such other insurance company. Equitable of Colorado will promptly notify the General Agent of all Premiums refunded and the party to whom such refunds were paid.
