Less Than 30 Days Sample Clauses

Less Than 30 Days. If a Policy is canceled flat, the original of the canceled Policy or a lost policy release shall be retained by the MGA in its files. The MGA will cancel flat a Policy only if the Policy has been in effect for less than thirty days and then only if the following conditions are confirmed by the Insurer: a. no regulatory filings have been made, b. no facultative reinsurance commitments or expenses have been incurred by the Insurer, and c. no other miscellaneous expenditures have been incurred by the Insurer (such as loss control reports).