POLICY CANCELLATION OR NON-RENEWAL. The insurer retains the right to cancel, modify or rescind the policy if statements on the health insurance application are found to be misrepresentations, incomplete, or if fraud has been committed, leading the insurer to approve an application when, with the correct or complete information, the insurer would have issued a policy with restricted coverage or declined to provide insurance. If the insured changes country of residence, and the insured’s current plan is not available in the insured’s new country of residence, the insurer retains the right to cancel or modify a policy in terms of rates, deductibles or benefits, generally and specifically, in order to offer the insured the closest equivalent insurance coverage possible. Submission of a fraudulent claim is also grounds for rescission or cancellation of the policy. The insurer retains the right to cancel, non-renew or modify a policy on a “block” basis as defined in this policy, and the insurer will offer the closest equivalent coverage possible to the insured. No individual insured shall be independently penalized by cancellation or modification of the policy due solely to a poor claim record. ADMINISTRATION | 17
POLICY CANCELLATION OR NON-RENEWAL. The Insurer retains the right to cancel, modify or rescind the policy if statements on the application are found to be misrepresentations, incomplete or that fraud has been committed, leading the Insurer to approve an application when, with the correct or complete information, the Insurer would have issued a policy with restricted coverage or declined to provide insurance. The Insurer retains the right to cancel or modify a policy in terms of rates, deductibles or benefits, generally and specifically, if the Insured changes country of residence, regardless of how many years the policy has been in force. If an Insured does not reside in Suriname or Guyana on a continuous basis for more than one hundred and eighty (180) days during any three hundred and sixty five (365) day period regardless of the type of visa issued to the Insured for that purpose, then coverage for any condition will be limited to the Insurer’s Preferred Provider Network until the policy’s next renewal date at which time the policy will automatically terminate. Submission of a fraudulent claim is also grounds for rescission or cancellation of the policy. No individual Insured shall be independently penalized by cancellation or modification of the policy due solely to the claim record.
POLICY CANCELLATION OR NON-RENEWAL. The Insurer retains the right to cancel, modify or rescind the policy or a Certificate if statements on the application are found to be mis- representations, incomplete or that fraud has been committed, leading the Insurer to approve an application when, with the correct or complete information, the Insurer would have issued the policy or Certificate with restricted coverage or declined to provide insurance. The Insurer retains the right to cancel or modify a policy or certificate in terms of rates, deductibles or ben- efits, generally and specifically, if the insured changes country of residence, regardless of how many years the policy has been in force. If an insured resides in the U.S.A. on a continuous basis for more than one hundred and eighty (180) days during any three hundred and sixty five (365) day period regardless of the type of visa issued to the insured for that pur- pose, the certificate will automatically terminate on the next renewal date. Submission of a fraudulent claim is also grounds for rescission or can- cellation of the policy or certificate. The Insurer retains the right to cancel, non-renew or modify a policy on a “class” basis as defined in this policy. This policy is subject to underwrit- ing evaluation on each anniversary date, and the insurer retains the right to cancel or non-renew the policy, modify the coverage, or change the premium.
POLICY CANCELLATION OR NON-RENEWAL. The Insurer retains the right to cancel, modify or rescind the policy if statements on the applica- tion are found to be misrepresenta- tions, incomplete or that fraud has been committed, leading the Insurer to approve an application when, with the correct or complete informa- tion, the Insurer would have issued a policy with restricted coverage or declined to provide insurance. The Insurer retains the right to can- cel or modify a policy in terms of rates, deductibles or benefits, gen- erally and specifically, if the Insured changes country of residence, regardless of how many years the policy has been in force. If an Insured resides in the U.S.A. on a continuous basis for more than one hundred and eighty (180) days during any three hundred and sixty five (365) day period regard- less of the type of visa issued to the Insured for that purpose, the policy will automatically terminate on the next renewal date. Submission of a fraudulent claim is also grounds for rescission or cancel- lation of the policy. The Insurer retains the right to can- cel, non-renew or modify a policy on a “class” basis as defined in this policy. No individual Insured shall be inde- pendently penalized by cancellation or modification of the policy due solely to a poor claim record.
POLICY CANCELLATION OR NON-RENEWAL. The Insurer retains the right to cancel, modify or rescind the policy if statements on the application are found to be misrepresentations, incomplete or that fraud has been committed, leading the Insurer to approve an application when, with the correct or complete information, the Insurer would have issued a policy with restricted coverage or declined to provide insurance. The Insurer retains the right to cancel or modify a policy in terms of rates, deductibles or benefits, generally and specifically, if the Insured changes country of residence, regardless of how many years the policy has been in force. If an Insured resides in the U.S.A. on a continuous basis for more than one hundred and eighty (180) days during any three hundred and sixty five (365) day period regardless of the type of visa issued to the Insured for that purpose, the policy will automatically terminate on the next renewal date. Submission of a fraudulent claim is also grounds for rescission or cancellation of the policy. The Insurer retains the right to cancel, non-renew or modify a policy on a “class” basis as defined in this policy. No individual Insured shall be independently penalized by cancellation or modification of the policy due solely to a poor claim record.
POLICY CANCELLATION OR NON-RENEWAL. The insurer retains the right to cancel, modify or rescind the policy if statements on the health insurance application are found to be misrepresen- tations, incomplete, or if fraud has been committed, leading the insurer to approve an application when, with the correct or complete information, the insurer would have issued a policy with restricted cov- erage or declined to provide insurance. If the insured changes country of resi- dence, and the insured’s current plan is not available in the insured’s new country of residence, the insurer retains the right to cancel or modify a policy in terms of rates, deductibles or benefits, generally and spe- cifically, in order to offer the insured the closest equivalent insurance coverage pos- sible. Submission of a fraudulent claim is also grounds for rescission or cancellation of the policy. The insurer retains the right to cancel, non- renew or modify a policy on a “block” basis as defined in this policy, and the insurer will offer the closest equivalent coverage pos- sible to the insured. No individual insured shall be independently penalized by can- cellation or modification of the policy due solely to a poor claim record.
POLICY CANCELLATION OR NON-RENEWAL. A. Subject to requirements imposed by law or by the provisions of any contract of insurance, the Company reserves the right to cancel any contract of insurance by direct notice to the Insured. The Company further reserves the right to non-renew any contract of insurance.
