MATERIAL CHANGE IN RISK Sample Clauses

MATERIAL CHANGE IN RISK. (1) The Insured must promptly give notice in writing to the Insurer or its agent of a change that is (a) material to the risk, and (b) within the control and knowledge of the Insured. (2) If an Insurer or its agent is not promptly notified of a change under subparagraph (1) of this condition, the contract is void as to the part affected by the change. (3) If an Insurer or its agent is notified of a change under subparagraph (1) of this condition, the Insurer may (a) terminate the contract in accordance with Statutory Condition 5, or (b) notify the Insured in writing that, if the Insured desires the contract to continue in force, the Insured must, within fifteen days after receipt of the notice, pay to the Insurer an additional premium specified in the notice. (4) If the Insured fails to pay an additional premium when required to do so under subparagraph (3) (b) of this condition, the contract is terminated at that time and Statutory Condition 5 (2) (a) applies in respect of the unearned portion of the premium.

MATERIAL CHANGE IN RISK. The Insured named in this contract shall promptly notify the Insurer, or its local agent, in writing, of any change in the risk material to the contract and within his knowledge.

MATERIAL CHANGE IN RISK. 1) The Insured must promptly give notice in writing to the Insurer or its agent of a change that is a) material to the risk, and b) within the control and knowledge of the Insured. 2) If an Insurer or its agent is not promptly notified of a change under subparagraph (1) of this condition, the contract is void as to the part affected by the change. 3) If an Insurer or its agent is notified of a change under subparagraph (1) of this condition, the Insurer may a) terminate the contract in accordance with Statutory Condition 5, or b) notify the Insured in writing that, if the Insured desires the contract to continue in force, the Insured must, within 15 days after receipt of the notice, pay to the Insurer an additional premium specified in the notice. 4) If the Insured fails to pay an additional premium when required to do so under subparagraph (3) (b) of this condition, the contract is terminated at that time and Statutory Condition 5 (2) (a) applies in respect of the unearned portion of the premium.

MATERIAL CHANGE IN RISK. The insured must promptly give notice in writing to the insurer or its agent of a change that is i. material to the risk, and

MATERIAL CHANGE IN RISK. (1) The Insured named in this contract shall promptly notify the Insurer or its local agent in writing of any change in the risk material to the contract and within his knowledge. (2) Without restricting the generality of the foregoing, the words “change in the risk material to the contract” include (a) any change in the insurable interest of the Insured named in this contract in the automobile by sale, assignment or otherwise, except through change of title by succession, death or proceedings under the Bankruptcy Act (Canada); (b) any mortgage, lien or encumbrance affecting the automobile after the application for this contract; (c) any other insurance of the same interest, whether valid or not, covering loss or damage insured by this contract or any portion thereof.

MATERIAL CHANGE IN RISK. The Insured will promptly notify the Insurer of any change that increases the risks stipulated in the policy and that results from events within his control if it is likely to materially influence an insurer in setting the rate of the premium, appraising the risk or deciding to continue to insure it.

MATERIAL CHANGE IN RISK. 1) The insured must promptly give notice in writing to the insurer or its agent of a change that is: a) material to the risk; and b) within the control and knowledge of the insured. 2) If an insurer or its agent is not promptly notified of a change under subparagraph (1) of this condition, the contract is void as to the part affected by the change. 3) If an insurer or its agent is notified of a change under subparagraph (1) of this condition, the insurer may: a) terminate the contract in accordance with Statutory Condition 5; or b) notify the insured in writing that, if the insured desires the contract to continue in force, the insured must, within 15 days after receipt of the notice, pay to the insurer an additional premium specified in the notice. 4) If the insured fails to pay an additional premium when required to do so under subparagraph (3) (b) of this condition, the contract is terminated at that time and Statutory Condition 5 (2) (a) applies in respect of the unearned portion of the premium.

MATERIAL CHANGE IN RISK. The Insured shall advise the Company immediately in writing of any material change, of which it is aware or ought reasonably to be aware, in the risk insured under this Policy. The appropriate Stamp Duty has or will be paid in accordance with the provisions of Section 113 of the Finance Act 1990.

MATERIAL CHANGE IN RISK. (1) The Insured named in this contract shall promptly notify the Insurer or its local agent or broker in writing of any change in the risk material to the contract and within his or her knowledge. (2) Without restricting the generality of the foregoing, the words "change in the risk material to the contract" include: