Common use of Termination of Insurance Clause in Contracts

Termination of Insurance. (1) This contract may be terminated, (a) by the Insurer giving to the Insured fifteen days’ notice of termination by registered mail or five days’ written notice of termination personally delivered, or (b) by the Insured at any time on request. (2) If the contract is terminated by the Insurer, (a) the Insurer must refund the excess of premium actually paid by the Insured over the prorated premium for the expired time, but in no event may the prorated premium for the expired time be less than any minimum retained premium specified in the contract, and (b) the refund must accompany the notice unless the premium is subject to adjustment or determination as to amount, in which case the refund must be made as soon as practicable. (3) If the contract is terminated by the Insured, the Insurer must refund as soon as practicable the excess of premium actually paid by the Insured over the short rate premium for the expired time specified in the contract, but in no event may the short rate premium for the expired time be less than any minimum retained premium specified in the contract. (4) The fifteen day period referred to in subparagraph (1) (a) of this condition starts to run on the day the registered letter or notification of it is delivered to the Insured’s postal address.

Termination of Insurance. (1) This contract may be terminated, (a) by the Insurer giving to the Insured fifteen days’ notice of termination by registered mail or five days’ written notice of termination at least: (i) five days before the effective date of termination if personally delivered, ; (ii) fifteen days before the effective date of termination if the contract is terminated by registered mail for non-payment of premium; or (biii) thirty days before the effective date of termination if the contract is terminated by the Insured at registered mail for any time on requestother reason. (2) If the contract is terminated by the Insurer, (a) the Insurer must refund the excess of premium actually paid by the Insured over the prorated premium for the expired time, but in no event may the prorated premium for the expired time be less than any minimum retained premium specified in the contractcont ract, and (b) the refund must accompany the notice unless the premium is subject to adjustment or determination as to amount, in which case the refund must be made as soon as practicable. (c) the written notice will be mailed or delivered to the Insured’s last known mailing address. (3) If the contract is terminated by the Insured, the Insurer must refund as soon as practicable the excess of premium actually paid by the Insured over the short rate premium for the expired time specified in the contract, but in no event may the short rate premium for the expired time be less than any minimum retained premium specified in the contract. (4) The fifteen day period and thirty days referred to in subparagraph (1) (a) of this condition starts to run on the day the registered registere d letter or notification of it is delivered to the Insuredinsured’s postal address.

Termination of Insurance. (1) This contract may be terminated, (a) by the Insurer giving to the Insured fifteen days’ notice of termination by registered mail or five days’ written notice of termination at least: (i) five days before the effective date of termination if personally delivered, ; (ii) fifteen days before the effective date of termination if the contract is terminated by registered mail for non-payment of premium; or (biii) thirty days before the effective date of termination if the contract is terminated by the Insured at registered mail for any time on requestother reason. (2) If the contract is terminated by the Insurer, (a) the Insurer must refund the excess of premium actually paid by the Insured over the prorated premium for the expired time, but in no event may the prorated premium for the expired time be less than any minimum retained premium specified in the contract, and (b) the refund must accompany the notice unless the premium is subject to adjustment or determination as to amount, in which case the refund must be made as soon as practicable. (c) the written notice will be mailed or delivered to the Insured’s last known mailing address. (3) If the contract is terminated by the Insured, the Insurer must refund as soon as practicable the excess of premium actually paid by the Insured over the short rate premium for the expired time specified in the contract, but in no event may the short rate premium for the expired time be less than any minimum retained premium specified in the contract. (4) The fifteen day period and thirty days referred to in subparagraph (1) (a) of this condition starts to run on the day the registered letter or notification of it is delivered to the Insuredinsured’s postal address.

Termination of Insurance. (1) This contract may be terminated, (a) by the Insurer giving to the Insured fifteen days’ notice of termination by registered mail or five days’ written notice of termination at least: (i) five days before the effective date of termination if personally delivered, ; (ii) fifteen days before the effective date of termination if the contract is terminated by registered mail for non-payment of premium; or (biii) thirty days before the effective date of termination if the contract is terminated by the Insured at registered mail for any time on requestother reason. (2) If the contract is terminated by the Insurer, (a) the Insurer must refund the excess of premium actually paid by the Insured over the prorated premium for the expired time, but in no event may the prorated premium for the expired time be less than any minimum retained premium specified in the contract, and (b) the refund must accompany the notice unless the premium is subject to adjustment or determination as to amount, in which case c ase the refund must be made as soon as practicable. (c) the written notice will be mailed or delivered to the Insured’s last known mailing address. (3) If the contract is terminated by the Insured, the Insurer must refund as soon as practicable the excess of premium actually paid by the Insured over the short rate premium for the expired time specified in the contract, but in no event may the short rate premium for the expired time be less than any minimum retained premium specified in the contract. (4) The fifteen day period and thirty days referred to in subparagraph (1) (a) of this condition starts to run on the day the registered letter or notification of it is delivered to the Insuredinsured’s postal address.