Common use of Miscellaneous Clause in Contracts

Miscellaneous. Article 28 – Right of Waiver Article 29 – Policy Administration 1. The policyholder undertakes that he/she will advise all eligible insured members immediately if for any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 26 above so that such eligible insured are made aware that all cover has ceased and that benefits will not be payable in respect of eligible insured or family members. 2. As the purpose of the agreement is to provide cover for eligible insured and dependants, the policyholder undertakes to ensure that any revised policy wording or benefit schedule sent by the insurer to the policyholder, or any notice sent by the insurer to the policyholder relating to the cover, are issued without delay to all eligible insured. 3. The policyholder shall notify insured persons any change in the terms and conditions of this policy and any endorsements. The policyholder shall also notify insured persons of the changes in the terms and conditions of this policy with those of any previously held policy. 4. The policyholder hereby indemnifies the insurer from and against any and all costs, losses and expenses incurred by the insurer consequent upon any failure by the policyholder to discharge its obligations under this agreement. 5. The policyholder shall administer this agreement in accordance with its terms and any guidance issued by the insurer from time to time and shall notify the insurer in writing, of any change in the person designated. 6. Break in cover Where there is a break in cover, for whatever reason, the insurer reserves the right to reapply exclusion 6.26 in respect of pre-existing medical conditions. 7. The policyholder shall remain responsible for ensuring its obligations under this agreement are fully discharged notwithstanding that all or any part of those obligations are delegated to an intermediary or agent who shall be deemed to be the agent of the company. 8. The policyholder shall advise the insurer immediately if he/she becomes bankrupt, or if an administrator or receiver or an administrative receiver is appointed in respect of all or any part of the business or assets of the policyholder. 9. The policyholder must write and inform the Insurer if the insured person changes their address or occupation.