Common use of Notice of Charge Clause in Contracts

Notice of Charge. The Company shall not be bound to take notice or be affected by any notice of any trust, charge, lien, assignment or other dealing with or relating to this Policy, but the payment by the Company to the Insured Person or his / her nominees or his / her legal representatives or to the Hospital / Nursing Home, as the case may be, of any Benefit under the Policy shall in all cases be an effectual discharge to the Company.

Notice of Charge. The Company shall not be bound to take notice or be affected by any notice of any trust, charge, lien, assignment or other dealing with or relating to this Policy, but the payment by the Company to the Insured Person /Insured Person, his/her Nominees or his / her nominees or his / her legal representatives or to the Hospital / Nursing Homerepresentatives, as the case may be, of any Benefit compensation or benefit under the Policy shall in all cases be an effectual discharge to the Company.