PREMIUM PAYMENT CLAUSE
1) It is understood and agreed that the premium due at the inception of this Policy
shall be payable in the following instalments:
2) In the event of a claim hereunder which exceeds the instalments of premium
paid on this Policy, the instalments of premium then outstanding shall become
payable forthwith.
3) Notwithstanding any cancellation provision contained within the Policy, in the
event that an instalment of premium is not paid by its due date Insurers shall
have the right to terminate the cover afforded by the Policy to the Insured and
any other party(ies) protected thereby, whether by endorsement or otherwise, by
the giving of not less than Thirty (30) days notice in writing to the Appointed
Broker. Notice shall be deemed to commence from the date such notice is given
by the Insurers.
Appointed Broker:
AVN 6A 17.10.96