Common use of TERMINATION OF POLICY Clause in Contracts

TERMINATION OF POLICY. This policy shall terminate at the earliest of the following times: (A) sixty days after the receipt by the Principal Organisation of a written notice of termination from the Company. (B) upon the receipt by the Company of written notice of termination from the (C) upon expiration of the Policy Period as set forth in Item 6 of the Schedule of this policy, or (D) at such other time as may be agreed upon by the Company and the The Company shall refund the unearned premium computed at pro-rata rates if the policy is terminated by the Principal Organisation.

Appears in 3 contracts

Samples: Insurance Contract, Insurance Contract, Insurance Contract

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TERMINATION OF POLICY. This policy shall terminate at the earliest of the following times: (Aa) sixty thirty (30) days after the receipt by the Principal Organisation of a written notice or, if a later time is specified in such notice, at such later time, due to non-payment of termination from the Company.premium; (B) upon the receipt by the Company of written notice of termination from the (Cb) upon expiration of the Policy Period as set forth in Item 6 4 of the Schedule of this policy, ; or (Dc) at such other time as may be agreed upon in writing by the Company and the Principal Organisation. The Company shall refund the unearned premium computed at pro-rata rates if the have no obligation to renew this policy is terminated by the Principal Organisationupon its expiration or termination.

Appears in 2 contracts

Samples: Directors and Officers Liability Insurance Policy, Directors and Officers Liability Insurance Policy

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TERMINATION OF POLICY. This policy Policy shall terminate at the earliest of the following times: (A) sixty ten (10) days after the receipt by the Principal Organisation Parent Organization of a written notice of termination from the Company.Company for non-payment of premium; (B) upon the receipt by the Company of written notice of termination from the (C) upon expiration of the Policy Period as set forth in Item 6 of the Schedule of this policy, Period; or (DC) at such other time as may be agreed upon by the Company and the The Company Parent Organization, in which case any returned premium shall refund the unearned premium be computed at pro-on a pro rata rates if the policy is terminated by the Principal Organisationbasis.

Appears in 1 contract

Samples: Insurance Policy

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