Common use of Delinquent Premium Payments Clause in Contracts

Delinquent Premium Payments. Failure to submit a Premium or Premium installment when due is a violation of the terms of this Contract and Section 215.555, Florida Statutes. Interest on late payments shall be due as set forth in Article IX(2) of this Contract.

Appears in 12 contracts

Samples: Reimbursement Contract (Homeowners Choice, Inc.), Reimbursement Contract, Reimbursement Contract

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Delinquent Premium Payments. Failure to submit a Premium or Premium installment when due is a violation of the terms of this Contract and Section 215.555, Florida Statutes. Interest on late payments shall be due as set forth in Article IX(2) of this Contract. In addition, the SBA will refer any Company failing to submit such payments to the Department for administrative action or will take other action as appropriate pursuant to Section 215.555(10) and (11), Florida Statutes.

Appears in 2 contracts

Samples: Reimbursement Contract, Philadelphia Consolidated Holding Corp

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