Sabtu, 31 Agustus 2013

REBATE CLAUSE (25%)


The premium of this policy shall be adjusted upon expiry in accordance with any difference limited to 25% in the case of an increase and 50% in the case of a reduction between the Gross Profit earned during the annual currency of this policy (as certified by the insured’s Auditors) and the sum insured by item 1, and the difference in premium shall be met by payment by or to the insured as the case may be.

Provided that should a claim have been made under this Policy the adjustment shall be based on the Gross Profit which would have been interrupted or interfered with.
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