Common use of Grace Period Clause in Contracts

Grace Period. A grace period of thirty-one (31) days will be granted for the payment of each premium falling due after the first premium, and unless outstanding premium is paid within the grace period and unless the Policy has not otherwise been cancelled earlier in accordance with the provisions of this Policy, the Policy shall be deemed cancelled as from the due date for the payment of the outstanding premium. No grace period shall be granted for the payment of the first premium and failure to effect payment thereof according to the Company's demand shall render this Policy void from inception.

Appears in 9 contracts

Samples: www.sunflowervip.com, www.aig.com.hk, www.aig.com.mo

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Grace Period. A grace period of thirty-one (31) 30 days from the premium due date will be granted for the payment of each premium falling due after the first premium, and unless outstanding premium is paid within the grace period and unless the Policy has not otherwise been cancelled earlier in accordance with the provisions of this Policy, the Policy shall be deemed cancelled as from the due date to you for the payment of the outstanding premium. No During such grace period period, coverage under this policy shall continue in force, but you will be granted liable to us for the payment of the first premium that accrues during such period. If you do not pay the overdue premium and failure to effect payment thereof according any premium falling due within the grace period, this policy and the coverage will automatically end without notice to the Company's demand shall render Insured or any other person. If your policy ends this Policy void from inceptionway, it is called a lapse.

Appears in 4 contracts

Samples: Insuring Agreement, Insuring Agreement, media.isi.ca

Grace Period. A Unless the Policy is terminated, a grace period of thirty-one (31) 31 days will be granted is allowed for the payment of each premium falling due after the first premium, and unless outstanding . If any premium is not paid within prior to the end of the grace period, the coverage to which the premium applies will lapse at the end of the grace period. We will be entitled to collect all pro rata premiums then unpaid for the period and unless any coverage under the Policy has not otherwise been cancelled earlier remained in accordance with the provisions of this Policy, the Policy shall be deemed cancelled as from the due date for the payment of the outstanding premium. No force during such grace period shall be granted for the payment of the first premium and failure to effect payment thereof according to the Company's demand shall render this Policy void from inceptionperiod.

Appears in 2 contracts

Samples: www.lakecountyfl.gov, lakecountyfl.gov

Grace Period. A grace period Grace Period of thirty-one fourteen (3114) days from the premium due date will be granted allowed for the payment of each premium falling due after premium. During such fourteen (14) days, We shall remain liable if by the first premiumlast of such days, and unless outstanding the premium is actually paid. If the premium is not paid within the grace period and unless the Policy has not otherwise been cancelled earlier in accordance with the provisions respect of this PolicyPolicy Contract by the end of the Grace Period, the this Policy Contract shall be deemed cancelled as from terminated at the due expiry date for the payment of the outstanding premium. No grace period shall be granted for the payment of the first premium and failure to effect payment thereof according to the Company's demand shall render this Policy void from inceptionPolicy.

Appears in 2 contracts

Samples: www.fincrew.my, www.alliancebank.com.my

Grace Period. A grace period of thirty-one (31) days will be granted for the payment of each premium falling due after the first premium, and unless outstanding premium is paid within during which time the grace period and Policy shall be continued in force unless the Policy has not otherwise been cancelled earlier in accordance with the provisions of this Policy. If a compensable claim is made within this grace period, the Policy shall any premium then due and unpaid will be deemed cancelled as from the due date for the payment of the outstanding premium. No grace period shall be granted for the payment of the first premium and failure to effect payment thereof according to the Company's demand shall render this Policy void from inceptiondeducted in offset.

Appears in 1 contract

Samples: Group Personal Accident Policy

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Grace Period. A grace period of thirty-one (31) days 31 days, without interest charge, will be granted allotted for the payment of each premium falling due after subsequent monthly premiums, during which period this policy shall continue to be in force, provided the first premium, and unless outstanding premium is paid within the grace period and unless the Policy Creditor has not otherwise been cancelled earlier in accordance with prior to the provisions of premium due date, given written notice to the INSURER that this Policy, Policy is to be terminated on the Policy day immediately preceding such premium due date. Any unpaid premium shall be deemed cancelled as deducted from the due date for the payment of the outstanding premium. No grace period shall be granted for the payment of the first premium and failure to effect payment thereof according to the Company's demand shall render any benefit that may arise during this Policy void from inceptionperiod.

Appears in 1 contract

Samples: www.citibank.com.ph

Grace Period. A grace period of thirty-one (31) days will be granted for the payment of each premium falling due after the first premium, and unless outstanding premium is paid within during which time the grace period and policy shall be continued in force, unless the Policy policy has not otherwise been cancelled earlier in accordance with the provisions of this Policy, the Policy “Cancellation”. The Policyholder shall be deemed cancelled as from liable to the due date Company for the payment of the outstanding premium. No grace period shall be granted premium for the payment of period the first policy continues in force. If loss occurs within the Grace Period, any premium then due and failure to effect payment thereof according to the Company's demand shall render this Policy void from inceptionunpaid will be deducted in settlement.

Appears in 1 contract

Samples: Student Personal Accident Insurance

Grace Period. A grace period of thirty-one (31) days will be granted for the payment of each premium falling due after the first premium, and unless outstanding premium is paid within the grace period and unless the Policy has not otherwise been cancelled earlier in accordance with the provisions of this Policy, the Policy shall be deemed cancelled as from the due date for the payment of the outstanding premium. No grace period shall be granted for the payment of the first premium and failure to effect payment thereof according to the Company's demand shall render this Policy void from inceptionfrominception.

Appears in 1 contract

Samples: www.aig.com.hk

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