Policy Payer definition
Policy Payer means the customer stated in the Policy Schedule who will be paying for the Annual Premium or whose Nominated Account will be debited/charged for the premiums due on this Policy.
Policy Payer means the OCBC customer stated in the Policy Schedule whose Nominated Account will be debited / charged for the premiums due on this Policy.
Policy Payer means the Nominated Account holder stated in the Policy Schedule whose Nominated Account will be debited/charged for premiums due on this Policy.
Examples of Policy Payer in a sentence
In the event any premium has been paid for any period beyond the date of termination of this Policy, the relevant proportion thereof shall be credited without interest to the Nominated Account or refunded without interest to the Insured or Policy Payer by Us. If premium has not been paid for any period up to the date of termination as aforesaid, the Insured or Policy Payer shall be liable to Us for the payment of such premium, which We may, at Our option, charge to the Nominated Account.
The Monthly Premium stated in the Policy Schedule shall be charged to the Nominated Account or in the case of Annual Premium payable when due and subject to any goods and services tax chargeable by law and payable by the Insured or Policy Payer.