Cancellation by Policyholder/ Insured Person Sample Clauses

Cancellation by Policyholder/ Insured Person. Policyholder/ Insured Person may terminate this Policy by giving 30 days prior written notice to the Company. The Company shall cancel the Policy for the balance of the Policy/Coverage Period and refund the premium (exclusive of service tax) for the unexpired term as mentioned herein below, provided that no claim has been paid under the Policy by or on behalf of any Insured Person: Refund % Policy Term Timing of Cancellation 1 1.5 2 2.5 3 3.5 4 4.5 5 Upto 30 days 75.0 % 80.0 % 85.0 % 87.5 % 90.0 % 92.5% 92.5% 95.0% 95.0% 31 to 90 days 50.0 % 65.0 % 70.0 % 75.0 % 80.0 % 85.0% 87.5% 87.5% 87.5% 3 to 6 months 25.0 % 50.0 % 60.0 % 65.0 % 67.5 % 70.0% 75.0% 75.0% 75.0% 6 to 12 months 0.0% 25.0 % 40.0 % 45.0 % 50.0 % 55.0% 60.0% 65.0% 65.0% 12 to 18 months 0.0% 15.0 % 30.0 % 37.5 % 45.0% 47.5% 50.0% 55.0% 18 to 24 months 0.0% 15.0 % 25.0 % 32.5% 37.5% 42.5% 47.5% 24 to 30 months 0.0% 12.5 % 20.0% 25.0% 35.0% 40.0% 30 to 36 months 0.0% 10.0% 17.5% 25.0% 32.5% 36 to 42 months 0.0 % 10.0 % 17.5 % 27.5 % 42 to 48 months 0.0% 12.5 % 20.0 % 48 to 54 months 0.0% 10.0 % 54 to 60 months 0.0%
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Cancellation by Policyholder/ Insured Person. Policyholder/ Insured Person may terminate this Policy by giving 30 days prior written notice to the Company. The Company shall cancel the Policy for the balance of the Policy/Coverage Period and refund the premium (exclusive of service tax) for the unexpired term as mentioned herein below, provided that no claim has been made under the Policy by or on behalf of any Insured Person: Policy in-force up to Policy Term 1 year Policy Term 2 years Refund Premium (%) Refund Premium (%) Up to 90 days 100% 100% 91 to 365 days Pro-rata refund basis the number of days left in policy term Pro-rata refund basis the number of days left in policy term 366 to 455 days Not applicable 25% 456 to 545 days Not applicable 12% Exceeding 545 days Not applicable 0%

Related to Cancellation by Policyholder/ Insured Person

  • Policy Deductibles and/or Self-Insured Retentions The policies set forth in these requirements may provide coverage that contains deductibles or self- insured retention amounts. Such deductibles or self-insured retention shall not be applicable with respect to the policy limits provided to the City. Consultant shall be solely responsible for any such deductible or self-insured retention amount.

  • Errors and Omissions, Professional Liability or Malpractice Insurance Contractor may be required to carry errors and omissions, professional liability or malpractice insurance. All policies shall remain in force through the life of this Contract and shall be payable on a "per occurrence" basis unless County specifically consents to a "claims made" basis. The insurer shall supply County adequate proof of insurance and/or a certificate of insurance evidencing coverages and limits prior to commencement of work. Should any of the required insurance policies in this Contract be cancelled or non-renewed, it is the Contractor’s duty to notify the County immediately upon receipt of the notice of cancellation or non-renewal. If Contractor does not carry a required insurance coverage and/or does not meet the required limits, the coverage limits and deductibles shall be set forth on a waiver, Exhibit C, attached hereto. Failure to provide and maintain the insurance required by this Contract will constitute a material breach of this Contract. In addition to any other available remedies, County may suspend payment to the Contractor for any services provided during any time that insurance was not in effect and until such time as the Contractor provides adequate evidence that Contractor has obtained the required coverage.

  • Professional Liability (Errors and Omissions) Insurance Limits shall not be less than the following:

  • Excess/Umbrella Liability Policies Required insurance coverage limits may be provided through a combination of primary and excess/umbrella liability policies. If coverage limits are provided through excess/umbrella liability policies, then a Schedule of underlying insurance listing policy information for all underlying insurance policies (insurer, policy number, policy term, coverage and limits of insurance), including proof that the excess/umbrella insurance follows form must be provided after renewal and/or upon request.

  • PROFESSIONAL LIABILITY INSURANCE (ERRORS & OMISSIONS) Professional Liability Insurance for Errors and Omissions coverage in the amount of not less than ($1,000,000). If CONTRACTOR sub-contracts in support of CONTRACTOR’S work provided for in the agreement, Professional Liability Insurance for Errors shall be provided by the sub-contractor in an amount not less than one million dollars ($1,000,000) in aggregate. The insurance coverage provided by the CONTRACTOR shall contain language providing coverage up to one (1) year following completion of the contract in order to provide insurance coverage for the hold harmless provisions herein if the policy is a claims-made policy.

  • Errors and Omissions Insurance Errors and Omissions Insurance to be maintained by the Servicer in accordance with Section 3.13.

  • CONSULTANT’S INSURANCE The Consultant shall maintain the types of insurance and limits of coverage identified in Exhibit A which is attached and made part of this Contract.

  • Self-insured programs and self-insured retentions Approval. Any self-insurance program, or self-insured retention must be approved separately in writing by the District's Risk Manager and shall protect the District, its Board of Trustees, and their officials, employees, volunteers, and agents in the same manner and to the same extent as they would have been protected had the policy or policies not contained such self-insurance or self- insured retention provisions.

  • Deductibles and Self-Insured Retention Any deductible or self-insured retention that apply to any insurance required by this Agreement must be declared and approved by COUNTY.

  • Developer’s Insurance Developer shall comply with the insurance requirements as indicated in the Facilities Lease.

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