Article 57 If the contract specifies payment of the premiums by installments and the applicant has paid the first installment but fails to pay any subsequent installments within a sixty (60) days grace period, the contract shall lapse, or the insurer shall reduce the insured amount in accordance with the contract, unless specified otherwise in the contract.

If the contract stipulates that the premium is to be paid by installments, the applicant shall pay the first installment at the inception of the contract and the other installments as scheduled.

Period of insurance and the commencement of the insurance liability

The law on health care insurance determines the system of mandatory and expended health care insurance, rights gained by this insurance, means of exercising these rights, and principles of private health care insurance.

Article 36 If the extent of risk to the subject matter of the insurance increases during the period of the contract, then the insured shall, in accordance with the contract, promptly notify the insurer and the insurer shall have the right to increase the premium or terminate the contract.

Article 56 After the establishment of the contract, the applicant may pay the premium by a single premium or by installments in accordance with the terms of the contract.

2. Long term care insurance

Article 13 Once an insurance contract is formed, the applicant shall pay the premium in accordance with the terms and conditions of the contract and the insurer will be at risk effective from the date as specified in the insurance contract.

Put it in the safe deposit box in the bank, and we'll get him to give us a cheque on Monday instead.

An insured event refers to an event falling within the scope of cover under the insurance contract.

Article 15 Unless otherwise prescribed herein, or in the insurance contract, the insurer may not terminate the contract after it is formed.

failing to file the insurance clauses and premium rates for its proposed insurance products as required.

(d) With the prior concurrence of the Advisory Committee, such sums as may be required to finance payments of advance insurance premiums where the period of insurance extends beyond the end of the biennium in which payment is made the Secretary General shall make provision in the budget estimates of each biennium, during the life of the related policies, to cover the charges applicable to each biennium

The insurance ran out on the 15th.

Article 9 An insurance contract is an agreement whereby the insurance rights and obligations are specified and agreed by the applicant and the insurer.

(d) With the prior concurrence of the Advisory Committee, such sums as may be required to finance payments of advance insurance premiums where the period of insurance extends beyond the end of the biennium in which payment is made the Secretary General shall make provision in the budget estimates of each biennium, during the life of the related policies, to cover the charges applicable to each biennium

(d) With the prior concurrence of the Advisory Committee, such sums as may be required to finance payments of advance insurance premiums where the period of insurance extends beyond the end of the biennium in which payment is made the Secretary General shall make provision in the budget estimates of each biennium, during the life of the related policies, to cover the charges applicable to each biennium

(d) With the prior concurrence of the Advisory Committee, such sums as may be required to finance payments of advance insurance premiums where the period of insurance extends beyond the end of the biennium in which payment is made the Secretary General shall make provision in the budget estimates of each biennium, during the life of the related policies, to cover the charges applicable to each biennium

Article 39 The insured value of the subject matter of the insurance may be agreed by the applicant and the insurer, and specified in the contract or it may be assessed based on the actual value of the subject matter of the insurance at the time of the occurrence of the insured event.

In the event that the applicant has paid the premiums for less than two years , the insurer shall return the premiums to the applicant with the expenses deducted therefrom.

For example, in UNCC claim No. 3011398 the claimant advanced a large currency loss for invalid Kuwaiti dinars and worthless Iraqi dinars totalling USD 311,418 relating to insurance premiums that he asserted he was required, as an insurance broker, to collect during Iraq's occupation of Kuwait.

That insurer stated that its insurance brokers were not required to collect and remit premiums during the period of Iraq's occupation of Kuwait and that, to the best of its knowledge, no insurance company in Kuwait collected premiums during that period.

23. Fixed wing insurance

Unless otherwise specified in the contract, in the event that the sum insured is less than the insured value, the insurer shall undertake the obligation for indemnity pro rata of the sum insured to the insured value.

The remaining insurer, London based Royal Sun Alliance, announced that it would stop renewing policies.9

Mothers affiliated to the IKA TEAM (Social Insurance Fund Employee's Supplementary Insurance Fund, the largest Insurance Fund in Greece) who give birth after 1 1 2003 or, if the right is not exercised by mothers, then fathers, can have a fictitious insurance period recognized, in order to fulfill the conditions for a minimum insurance period and be entitled to pension rights.

They include periods spent looking after young children, periods of further education, periods in which contributions were not paid because social insurance allowances, etc., were being received.

Then, the process of determining acceptable coverage, selecting the underwriter and quantifying the additional premium for the excess coverage should have been properly monitored by the Insurance Section.

Article 14 Unless otherwise prescribed herein, or in the insurance contract, the applicant may terminate the contract after it is formed.

Article 19 The applicant and the insurer may include additional particulars for matters relating to the insurance contract other than those referred to in the preceding Article.

(a) The statutory health insurance (Gesetzliche Krankenversicherung GKV)

Article 20 During the period of the validity of the insurance contract, the applicant and the insurer may amend the contents of the insurance contract subject to mutual agreement.

Until 31 December 2006 the amount of old age pensions for person who have reached the retirement age prescribed by law, shall not be less than the state social insurance benefit (Ls 30) to which the following coefficients are applied in the event of the insurance period not exceeding 20 years 1.1 for persons whose insurance period exceeds 20 years but does not exceed 30 years 1.3 in the event of the insurance period exceeding 30 years 1.5.

A double insurance refers to insurance under which an applicant enters into insurance contracts with two or more insurers on the same subject matter of the insurance, the same insurable interests and the same insured event.

Within the framework of implementing the social insurance reform in respect of insurance against unemployment, on 5 December 1995 a new Law On Compulsory Social Insurance Against Unemployment was enacted, providing that the unemployment benefit amount had to be proportional to the individual contribution wage of the person, the length of the insurance period and the length of the period during which the benefit was received.

170. Almost 11 per cent of the population are fully covered outside the statutory health insurance, mostly by private health insurance.

Article 60 The beneficiary of the insurance of persons shall be designated by the insured or the applicant.

The paying agent may be either be the IMSS or an insurance institution under a contract in which the latter undertakes to pay the pension periodically and receives in return the resources accumulated in the insured person's individual account.

If the insured fails to fulfill the obligation of notice stipulated in the preceding paragraph, the insurer shall bear no obligation for indemnity of the insured event which occurs due to the increased risk to the subject matter of the insurance.

The average insurance contribution wage for the calculation of the maternity benefit is determined on the basis of the insured person's insurance contribution wage for employees for a period of six calendar months, ending the period two calendar months before the month when the insurance case occurred while for the self employed for a period of 12 calendar months, ending the period three calendar months before the quarter of the year when the insurance case occurred.

Since 1 January 1995 they have also been subject to compulsory coverage in the social long term care insurance.

Article 92 With the approval of the financial supervision and regulation department, an insurance company may engage in the following reinsurance business of the insurance business prescribed in the preceding article

However, no analysis had been done to determine the ideal policy length in each case, nor did it appear that underwriters were given the option to propose alternative durations

Notwithstanding the foregoing, with the consent of the insured to enter into a contract for the insured, the applicant shall be regarded as having an insurable interest on the insured.

The beneficiary with respect to the insurance of persons refers to that person designated by the insured or the applicant, and being entitled to claim for the insurance benefits.