Termination of Cover. The cover on each Student shall terminate upon the occurrence of any one of the following events: a. a Payout Event; b. the Student ceases to be a student of the PEI for any reason whatsoever; or c. the Student switches to another course of study that differs from the Course regardless as to whether the other course of study is provided by the PEI or any other party. In the event that cover on the Student is terminated other than upon the occurrence of a Payout Event and provided no claim has been paid or is payable under the Certificate of Insurance, We will return the pro rata unearned portion of the premium We have received in respect of the Certificate of Insurance to which the termination relates.
Appears in 3 contracts
Sources: Master Insurance Agreement, Master Insurance Agreement, Master Insurance Agreement