Common use of TERMINATION OF POLICY Clause in Contracts

TERMINATION OF POLICY. (A) This Policy shall terminate at the earliest of the following times: (1) upon receipt by the Company of written notice of termination from the Parent Organization, provided that this Policy may not be terminated by the Parent Organization after the effective date of any event described in Section VI(C), Conversion of Coverage Under Certain Circumstances; (2) upon expiration of the Policy Period set forth in Item 2 of the GTC Declarations; (3) twenty (20) days after receipt by the Parent Organization of a written notice of termination from the Company based upon nonpayment of premium, unless the premium is paid within such twenty (20) day period; or (4) at such other time as may be agreed upon by the Company and the Parent Organization. (B) The Company shall refund the unearned premium computed at customary short rates if this Policy is terminated by the Parent Organization. Under any other circumstances the refund shall be computed pro rata. Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of such termination, but such payment shall be made as soon as practicable.

TERMINATION OF POLICY. (A) This Policy shall terminate at the earliest of the following times: (1) upon receipt by the Company of written notice of termination from the Parent Organization, Corporation; provided that this Policy may not be terminated by the Parent Organization Corporation after the effective date of any event described in Section VI(C), Conversion VI Changes in Exposure (C) of Coverage Under Certain Circumstancesthese General Terms and Conditions; (2) upon expiration of the Policy Period as set forth in Item 2 2(B) of the GTC Declarations; (3) twenty (20) days after receipt by the Parent Organization Corporation of a written notice of termination from the Company based upon nonpayment non-payment of premium, unless the premium is paid within such twenty (20) day period; (4) thirty (30) days after receipt by the Parent Corporation of a written notice of termination from the Company for any reason other than non-payment of premium; or (45) at such other time as may be agreed upon by the Company and the Parent OrganizationCorporation. (B) The Company shall refund the unearned premium computed at customary short rates if this Policy is terminated by the Parent OrganizationCorporation. Under any other circumstances the refund shall be computed pro rata. Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of such termination, but such payment shall be made as soon as practicable.

TERMINATION OF POLICY. (A) This Policy shall terminate at the earliest of the following times: (1) upon receipt by the Company of written notice of termination from the Parent Organization, Corporation; provided that this Policy may not be terminated by the Parent Organization Corporation after the effective date of any event described in Section VI(C), Conversion XI Changes in Exposure (C) of Coverage Under Certain Circumstancesthese General Terms and Conditions; (2) upon expiration of the Policy Period as set forth in Item 2 2(B) of the GTC Declarations; (3) twenty (20) days after receipt by the Parent Organization Corporation of a written notice of termination from the Company based upon nonpayment non-payment of premium, unless the premium is paid within such twenty (20) day period; or (4) at such other time as may be agreed upon by the Company and the Parent OrganizationCorporation. (B) The Company shall refund the unearned premium computed at customary short rates if this Policy is terminated by the Parent OrganizationCorporation. Under any other circumstances the refund shall be computed pro rata. Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of such termination, but such payment shall be made as soon as practicable.

TERMINATION OF POLICY. (A) This Policy shall terminate at the earliest of the following times: (1) upon receipt by the Company of written notice of termination from the Parent Organization, Corporation; provided that this Policy may not be terminated by the Parent Organization Corporation after the effective date of any event described in Section VI(C), Conversion XI Changes in Exposure (C) of Coverage Under Certain Circumstancesthese General Terms and Conditions; (2) upon expiration of the Policy Period as set forth in Item 2 2(B) of the GTC DeclarationsDeclarations of these General Terms and Conditions; (3) twenty (20) days after receipt by the Parent Organization Corporation of a written notice of termination from the Company based upon nonpayment non-payment of premium, unless the premium is paid within such twenty (20) day period; or (4) at such other time as may be agreed upon by the Company and the Parent OrganizationCorporation. (B) The Company shall refund the unearned premium computed at customary short rates if this Policy is terminated by the Parent OrganizationCorporation. Under any other circumstances the refund shall be computed pro rata. Payment or tender of any unearned premium by the Company shall not be a condition precedent to the effectiveness of such termination, but such payment shall be made as soon as practicable.