Retroactive Cancellations Clause Samples
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Retroactive Cancellations. Rescind/Rescission means a cancellation or discontinuance of coverage that has a retroactive effect. A cancellation is not a rescission if it: only has a prospective effect (as described above in sub-section When We End This Agreement); or applies retroactively to the extent that such cancellation is due to the failure to timely pay premiums. We may rescind your coverage if you or your dependents commit fraud. Fraud includes, but is not limited to, intentional misuse of your identification card (ID card) or intentional misrepresentation of material fact. Any benefit paid in the past will be voided. You will be responsible to reimburse us for all costs and claims paid by us. We must provide you a written notice of a rescission at least 30 days in advance. This notice will provide you with information about how to appeal this decision. Please see Section
Retroactive Cancellations. Rescind/Rescission means a cancellation or discontinuance of coverage that has a retroactive effect. A cancellation is not a rescission if it: • only has a prospective effect (as described above); or • applies retroactively to the extent that such cancellation is due to the failure to timely pay premiums.
Retroactive Cancellations. Rescind/Rescission means a cancellation or discontinuance of coverage that has a retroactive effect. A cancellation is not a rescission if it: • only has a prospective effect (as described above); or • applies retroactively to the extent that such cancellation is due to the failure to timely pay premiums. We may rescind your coverage if you or your dependents commit fraud. Fraud includes, but is not limited to, intentional misuse of your identification card (ID card) or intentional misrepresentation of material fact. Any benefit paid in the past will be voided. You will be responsible to reimburse this agreement for all costs and claims paid. We must provide you a written notice of a rescission at least 30 days in advance. This notice will provide you the opportunity to appeal this decision. Please see Section