Common use of Cancellation by the Named Insured Clause in Contracts

Cancellation by the Named Insured. Except for nonpayment of premium, as set forth below, the Named Insured has the exclusive right to cancel the Policy. Cancellation may be effected by mailing to the Insurer written notice stating when such cancellation will be effective. In such event, the Insurer will retain the pro rata portion of earned premium.

Cancellation by the Named Insured. Except for nonpayment of premium, as set forth below, the Named Insured has the exclusive right to cancel the Policypolicy. Cancellation may be effected by mailing to the Insurer written notice stating when such cancellation will be effective. In such event, the Insurer will retain the pro pro-rata portion of earned premium.