Short Period definition
Examples of Short Period in a sentence
The return premium shall be calculated in accordance with the Short Period Scale shown below.
There is no refund on Compressor Insurance, Annual Multi Trip or Short Period Travel Insurance unless cancelled within 14 days of inception and no claims having been made and in the case of travel insurance you must have not already travelled using the policy.
Any excess premium available with the Company after adjustment at Short Period Scale as provided herein below shall be refunded to the Insured provided no claim has occurred up to the date of cancellation.
Distributing shall not, however, make any such payment to the extent that (i) any portion of Distributing’s consolidated net operating loss for federal income tax purposes from the 2005 Year or the Short Period is carried over to the first Post-Distribution Tax Period of Controlled or a Controlled Affiliate or (ii) Distributing has previously paid Controlled or a Controlled Affiliate (via adjustment of Intercompany Accounts, this Section 3.3, or otherwise).
Period Short Period Rates 2 months (minimum) 40% 3 months 50% 4 months 60% 5 months 70% 6 months or over 100% The Policyholder has to notify the Company by written notice once the Insured Person’s place of residence and/or occupation especially the job nature has been changed.