Common use of Renewal Conditions Clause in Contracts

Renewal Conditions. This Policy may be renewed for further consecutive periods by the payment of premium on the effective date of the renewal at the Company’s premium rate in force at the time of renewal, subject to the Company’s right to decline renewal of this Policy on any anniversary date of the Policy upon giving thirty (30) days prior written notice mailed or delivered to the Insured Person’s last known address of the Company’s intention not to renew the Policy, or to condition its renewal upon reduction of limits, increase in premium, elimination of coverage, or any combination thereof. The Company's acceptance of premium coupled with its renewal confirmation shall constitute its consent to renewal. Unless renewed as herein provided, this Policy shall terminate, at the expiration of the period for which premium has been paid. The Company reserves the right to change, from time to time, the table of rates applicable to premiums thereafter becoming due under this form of Policy.

Renewal Conditions. This Policy may be renewed for further consecutive periods by the payment of premium on the effective date of the renewal at the Company’s 's premium rate in force at the time of renewal, subject to the Company’s 's right to decline renewal of this Policy on any anniversary date of the Policy upon giving thirty (30) days prior written notice mailed or delivered to the Insured Person’s 's last known address of the Company’s 's intention not to renew the Policy, or to condition its renewal upon reduction of limits, increase in premium, elimination of coverage, or any combination thereof. The Company's acceptance of premium coupled with its renewal confirmation shall constitute its consent to renewal. Unless renewed as herein provided, this Policy shall terminate, at the expiration of the period for which premium has been paid. The Company reserves the right to change, from time to time, the table of rates applicable to premiums thereafter becoming due under this form of Policy.