POLICY TERMINATION: REFUNDS Sample Clauses

POLICY TERMINATION: REFUNDS. The Reinsurer will refund any unearned reinsurance premiums. However, policy fees, if any, will be deemed earned for a policy year if the policy is reinsured during any portion of that policy year. ------------------------------------------------------------------------------------------------------------------------------- SCOPE, ARTICLE III: ------------------------------------------------------------------------------------------------------------------------------- 1. CURRENCY: United States Dollars ("US$") 2. BASIS OF REINSURANCE: Yearly Renewable Term