LONG-TERM POLICY Clause Samples
LONG-TERM POLICY. If this policy is written for a period of longer than one year, all the provisions of this agreement shall apply separately to each consecutive twelve-month period, or if the first or last period is less than twelve months, in the same manner as if a separate agreement had been written for each consecutive period. Until the coverage terminates, the Member's deposit premium will be transferred to each consecutive coverage period to act as a deposit in the same manner as if a separate agreement had been written.
LONG-TERM POLICY. If the policy period is longer than one year and six- teen days, all provisions of this policy will apply as though a new policy were issued on each annual anniversary that this policy is in force.
LONG-TERM POLICY. If this policy is written for a period longer than one year, all the provisions of this Memorandum of Coverage shall apply separately to each consecutive twelve month period, or if the first or last period is less than twelve months, in the same manner as if a separate Memorandum of Coverage had been written for each consecutive period. Until your policy terminates, your deposit premium will be transferred to each consecutive coverage period to act as a deposit in the same manner as if a separate Memorandum of Coverage had been written.
LONG-TERM POLICY. 4. Any of these provisions that conflict with a law that controls the cancellation of the insurance in this policy is changed by this statement to If the policy period is longer than one year and comply with that law.