TERMINATION BY INSURED Sample Clauses
The 'Termination by Insured' clause grants the policyholder the right to end their insurance policy before its scheduled expiration date. Typically, this clause outlines the process the insured must follow, such as providing written notice to the insurer and possibly paying any outstanding premiums or fees. Its core function is to give the insured flexibility to discontinue coverage when it is no longer needed, thereby preventing unnecessary costs or obligations.
TERMINATION BY INSURED. The insured may terminate this contract at any time by giving written notice of termination to the insurer by registered mail to its head office or chief agency in the Province, or by delivery thereof to an authorized agent of the insurer in the Province, and the insurer shall upon surrender of this policy refund the amount of premium paid in excess of the short rate premium calculated to the date of receipt of such notice according to the table in use by the insurer at the time of termination.
TERMINATION BY INSURED. You (the insured policyholder) may terminate this policy at any time for any reason by mailing or delivering written notice of cancellation to us. TRANSFER OF POLICY This policy, while issued to you, provides coverage only with respect to the specific pet (your pet or the covered pet) designated and described in the application for this policy and its Declarations. If ownership of your pet is transferred to another person during the policy period, continued coverage for your pet is subject to a new application and to applicable underwriting rules.
TERMINATION BY INSURED. The insured may at any time request that this contract be terminated and the insurer shall, as soon as practicable after the insured makes the request, refund the amount of premium actually paid by the insured that is in excess of the short rate premium calculated to the date of the request according to the table in use by the insurer at the time of the termination.