Nonpayment of premium means the failure or inability of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance subject to this section, whether such payments are payable directly to the insurer or its agent or indirectly payable under a premium finance plan or extension of credit;
Nonpayment of premium means failure of the insured to discharge when due any of the insured's obligations in connection with the payment of premium on a policy, or any installment of the premium, whether the premium is payable directly to the insurer or its insurance producer or indirectly under any premium finance plan or extension of credit.
Nonpayment of premium means the failure of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance or any installment of such premium, whether the premium is payable directly to the insurer or its agent, or indirectly under any premium finance plan or extension of credit. Payment to the insurer, or to an agent or broker authorized to receive such payment, shall be timely if made within fifteen days after the mailing to the insured of a notice of cancellation for nonpayment of premium.
Examples of Nonpayment of premium in a sentence
Provided the premium has been paid in full You shall be entitled to a proportionate rebate of premium in respect of the unexpired period showing on the insurance.Valid reasons include but are not limited to:• Non-payment of premium.
Non-payment of premium within the premium term may result in loss of coverage and financial loss.
Non-payment of premium (not applicable to single premium policy)FWD allows a grace period of 30 days after the premium due date for payment of each premium.
Valid reasons include but are not limited to the following: Non-payment of premium (including non-payment of instalments under a monthly credit facility).
Non-payment of premium shall require ten (10) days’ notice of cancellation.
More Definitions of Nonpayment of premium
Nonpayment of premium means the failure of the named insured to discharge any obligation in connection with the payment of premiums on property insurance policies subject to sections 26.1-39-10 through 26.1-39-21, whether the payments are directly payable to the insurer or its insurance producer or indirectly payable under a premium finance plan or extension of credit. "Nonpayment of premium" includes the failure to pay dues or fees when payment of dues or fees is a prerequisite to obtaining or continuing property insurance coverage.
Nonpayment of premium means failure of the insured to discharge when due any
Nonpayment of premium means failure of the named insured to pay when due any of his obligations in connection with the payment of premiums on a policy, or any installment of the premium, whether the premium is payable directly to the insurer or its agent or indirectly under any premium finance plan or extension of credit, or failure to maintain membership in an organization if membership is a condition precedent to insurance coverage.
Nonpayment of premium means failure of the named insured to discharge when due any of his obligations in connection with thepayment of premiums on a policy, or any installment of such premium, whether the premium is payable directly to the insurer or its agent or indirectly under any premium finance plan or extension of credit.
Nonpayment of premium means the failure of the named insured to discharge
Nonpayment of premium means the failure of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance or any installments of such premium, whether the premium is payable directly to the insurer or its agent, or indirectly under any premium finance plan or extension of credit.Payment to the insurer or to an agent or broker authorized to receive such payment, shall be timely for the purpose of this section if made within fifteen days after the mailing to the insured of a notice of cancellation for nonpayment of premium.
Nonpayment of premium means failure of the named