Return of Premium. If no Policy is issued on an application, the whole amount of all monies collected by Broker will be immediately returned to the applicant. If Company finds it necessary, for any reason, to cancel a Policy and refund premiums, any compensation paid to Broker on the amount refunded shall be repaid to Company, or may be deducted from any compensation payable to Broker under this Agreement.
Return of Premium. In the event any return of premium is due to the Ceding Company, the Reinsurer will return the premium paid hereunder and the Ceding Company or its agent will recover Taxes paid to the United States Government in accordance with this Article VII. Notwithstanding the foregoing, in the event that the Ceding Company’s attempt to recover such Taxes is denied, contested or disputed by the United States Government, then the Reinsurer shall reimburse the Ceding Company for such Taxes within thirty (30) days of receipt of written notice of such denial, contest or dispute.
Return of Premium. (a) Retrocessionaire shall calculate the Return Premium as of each anniversary of the inception of the Reinsurance Contracts and upon the earlier of the commutation of, final settlement under or termination of the Reinsurance Contracts (each such date and including the Effective Date hereof, a "CALCULATION DATE") and shall promptly notify Retrocedant of such determination. As of each anniversary of the date hereof, if the difference between the current calculation of aggregate Return Premiums accrued since the prior anniversary and the prior calculation of aggregate Return Premiums as of the next preceding anniversary is positive, Retrocessionaire shall promptly pay such difference to Retrocedant. If the difference is negative, Retrocedant shall promptly pay such difference to Retrocessionaire, provided however, that no payment will be required if the cumulative aggregate Return Premium for such Reinsurance Contract would be less than zero upon such payment.
Return of Premium. If no policy, certificate or contract is issued on an application, then the whole amount of all monies collected by Sub-Producer shall be returned to the applicant by the Company.
Return of Premium. This death benefit is equal to A or B, whichever is greater, where: A is 100% of premium payments, less Adjusted Withdrawals (as defined below).
Return of Premium. If either you or we cancel the policy, we will refund you any unearned premium.
Return of Premium. If “you” financed your insurance premiums through a Premium Finance Company and “you” assigned your right to collect unearned premiums to the Premium Finance Company, then “we” shall return the unearned premium to the Premium Finance Company. TRANSFER OF "YOUR" INTEREST IN THIS POLICY "Your" rights and duties under this policy may not be assigned without "our" written consent. However, if a "named insured" shown on the Declarations dies, coverage will be provided for:
Return of Premium. If “you” financed your insurance premiums through a Premium Finance Company and “you” assigned your right to collect unearned premiums to the Premium Finance Company, then “we” shall return the unearned premium to the Premium Finance Company. ENDORSEMENT 12: DEFINITIONS ENDORSEMENT III The following definitions have been modified in the COMMON DEFINITIONS Section at the beginning of the policy:
Return of Premium. The Insurer shall have the right to the premium amount for the portion of the Policy Period during which the policy was in effect. If this policy shall be canceled by the Firm, the Insurer shall retain the customary short rate proportion of the premium herein. If this policy shall be canceled by the Insurer, the Insurer shall retain the customary pro rata proportion of the premium herein.
Return of Premium. If the rent receivable earned (proportionately increased where the maximum indemnity period exceeds twelve months) during the accounting period of twelve months most nearly concurrent with any period of insurance as certified by your auditors is less than the sum insured, we will make a pro rata return of premium not exceeding 50% of the premium paid on such sum insured for such period of insurance. If any incident shall have occurred giving rise to a claim under this section the return of premium shall be made in respect only of so much of the difference as is not due to the incident.
