Sabtu, 04 Mei 2013

DEFERED PREMIUM CLAUSE

Notwithstanding that Policy is issued as a contract for a period of twelve months, it is hereby understood and agreed that the premium shall be payable in the following installments :
1st Installment : 35% immediately after document received by the client (example)
2nd Installment : 35% 30 days after 1st installment
3rd Installment : 30% 30 days after 2nd installment
Nevertheless it is further understood and agreed that :
In the event of any installment not being paid prior to, or within 30 days after, its due date the cover afforded by this Policy shall be deemed to have ceased at midnight of such due date.
In the even of a claim arising hereunder which exceeds the installment premiums paid on this Policy the installment of premium then outstanding shall become due and payable forthwith.
Previous Post
Next Post

post written by:

0 komentar:

Terimakasih telah berkunjung. Silakan meninggalkan komentar, bertanya, atau menambahkan materi yang telah saya sediakan.