insurance clauses caraka mulia pialang asuransi

30 Days Cancellation Notice Clause

30 Days Cancellation Notice Clause

Risks : VAR

Both the Insurer and the Insured are entitled to terminate this insurance upon thirty (30) days notice in writing being given. Such termination should be effected to the registered letter and the Insured entitle to a pro-rata return premium for the unexpired period of Insurance.

Other Version :

Both the insurer and the insured are entitled to terminate this insurance upon 30 (thirty) days notice in writing being given. Such termination should be effected of the registered letter. When the insurer terminated the insurance, he is obliged to return prorata premium for the unexpired period of insurance. If it is the Insured who terminated the insurance, premium will be calculated on the short term rate laid down in the current fire Insurance tariff of Indonesia for the completed period of insurance

or :

With the Insurer and the Insured are entitled to terminate this insurance upon 30 (thirty) days notice in writing being given. Such termination should be effected by a registered letter. When the Insurer terminates the insurance, he is obligated to give a pro-rata return premium for the unexpired period of insurance. If it is the Insured who terminates the insurance, premium will be calculated on the short term and rate laid down in the current fire insurance tariff of Indonesia for the completed period of Insurance.

 

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