UNPAID PREMIUMS. A. If any reinsurance premium is not paid within the allotted time, Continental may terminate the reinsurance on unpaid policies by giving the Ceding Company written notice. The Ceding Company will be liable for the payment of reinsurance premiums to the effective date of termination. Failure by Continental to exercise its right under this paragraph in any specific situation will not be a waiver of Continental's right to do so at a later date.
B. Continental will reinstate the reinsurance at any time within sixty (60) days following such termination if the Ceding Company makes payment, with interest, of all reinsurance premiums due and payable up to the date of reinstatement and provides full disclosure of all claims for which it has received notice between dates of termination and reinstatement. Continental will refund, with interest, any termination charge that was assessed against the due and unpaid policies at the time of reinstatement. Interest amounts will be calculated using the 7 year Constant Maturity Treasury rate reported for the last working day of that calendar month as reported in the Federal Reserve H15 Report. Continental will be liable for reinsurance on only those claims incurred by the Ceding Company between the dates of termination and reinstatement if the Ceding Company disclosed at the time it requested reinstatement of such policies all claims for which it has received notice. All such claims will be subject to the claims provisions specified in Article V.
C. Balances remaining unpaid by either party for more than 30 days from the date due will incur interest retroactive from the due date of the balance to the date of actual payment. Interest amounts will be calculated using the 7 year Constant Maturity Treasury rate reported for the last working day of that calendar month as reported in the Federal Reserve H15 Report.
UNPAID PREMIUMS. At the time of payment of a claim under this policy, any premiums then due and unpaid or covered by any note or written order may be deducted from the payment. Claim Reminders: Proof of Loss: You must give Us written proof of loss within 18 months after the date of the loss, except in the absence of legal capacity. Failure to provide proof within the time required shall not invalidate nor reduce any claim if it was not reasonably possible to give proof within such time, provided such proof is furnished as soon as reasonably possible and in no event, except in the absence of legal capacity of the insured, later than one year from the time proof is otherwise required.
UNPAID PREMIUMS any premium that is due and unpaid may be deducted from a subsequent claim payment.
UNPAID PREMIUMS. A. If any reinsurance premium is not paid within the sixty (60) days of the due date, Continental may terminate the reinsurance on unpaid policies by giving the Ceding Company written notice of it's non payment, which notice shall give the Ceding Company a minimum of ten (10) days from its receipt of such written notice to make payment and prevent the termination of the reinsurance. The Ceding Company will be liable for the payment of reinsurance premiums to the effective date of termination. Failure by Continental to exercise its right under this paragraph in any specific situation will not be a waiver of Continental's right to do so at a later date.
B. Continental will reinstate the reinsurance at any time within sixty (60) days following such termination if the Ceding Company makes payment, with interest, of all reinsurance premiums due and payable up to the date of reinstatement and provides full disclosure of all claims for which it has received notice between dates of termination and reinstatement. Continental will refund with interest any termination charge that was assessed against the due and unpaid policies at the time of reinstatement. Continental will be liable for reinsurance on only those claims incurred by the Ceding Company between the dates of termination and reinstatement if the Ceding Company disclosed at the time it requested reinstatement of such policies all claims for which it has received notice. All such claims will be subject to the claims provisions specified in Article VI.
UNPAID PREMIUMS. Upon the payment of a claim under this Agreement, any premium then due and unpaid or covered by any note or written order may be deducted from the claim payment.
UNPAID PREMIUMS. If the Contract Owner fails to effect the payment of the premium on the due date according to the terms and conditions of the Contract and as indicated in the (T.B. & P.), the Company shall have the right to cancel or not to renew the Contract from its effective or from its renewal date, as applicable without any premium refund and without any further written notice. In all cases, and until the payment is effected, the Company may freeze all benefits under the Contract and therefore may deny coverage of the Insured Healthcare Benefits for claims occurring during the freeze period.
UNPAID PREMIUMS. When benefits are paid for a claim under this policy, any premium then due and unpaid may be deducted from the benefits payable.
UNPAID PREMIUMS. Except as specified in the Disclosure Letter, (i) there are no outstanding unpaid premiums under any Disclosed policies of insurance; (ii) no Disclosed policies of insurance are subject to retrospective or retroactive premiums; (iii) none of the Seller’s current or historical insurance program aggregate limits have been impaired or eroded or no insurers are insolvent; (iv) so far as the Seller is aware, there is no default or failure to give any notice or present any incident, claim, fact or circumstance in a timely fashion or in the manner or detail required by any of the Disclosed insurance policies; and (v) there is no disallowance, denial or declination of coverage for any claim presented under the Disclosed insurance policies.
