PREMIUM PAYMENT. 1. It is a condition precedent to liability under this policy, that any premium payable shall have been paid off and actually received in full by the Insurer, in the event of: 1.1. insurance period of 30 (thirty) days or more, then settlement of premium payment shall be conducted within a period of 14 (fourteen) calendar days as of the date of inception of this Policy; 1.2. such insurance period is less than 30 (thirty) days, settlement of premium payment shall be conducted at the time of issuance of Policy.
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Samples: Insurance Policy, Insurance Policy, Insurance Policy
PREMIUM PAYMENT. 1. It is a condition precedent to liability under this policy, that any premium payable shall have been paid off and actually received in full by the Insurer, in the event of:
1.1. insurance Insurance period of 30 (thirty) days or more, then settlement of premium payment shall be conducted within a period of 14 (fourteen) calendar days as of the date of inception of this Policy;
1.2. such Such insurance period is less than 30 (thirty) days, settlement of premium payment shall be conducted at the time of issuance of Policy.
Appears in 1 contract
Samples: Insurance Policy