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Refinance and Mortgage Encyclopedia - cancellation
CancellationA decision to cease collectionThe efforts used to bring a delinquent mortgage current and to file the necessary notices to proceed activities and releaseThe discharge or relinquishment of a right, claim or privilege. Since a formal release is a contract the debtorThe person or entity that borrows money. The term debtor may be used interchangeably with the term borrower. from personal liabilityThis coverage protects you against a claim or lawsuit resulting from bodily injury or property damage for any remaining amounts owed. CancellationA terminationEnd of a lease or contract, usually before the anticipated time; termination may be by mutual agreement of a policyThe written contract of insurance. before its normal expiration dateThe date on which the policy ends.. CancellationIf you don't pay your premiumsPeriodic payment to keep an insurance policy in force., an insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer can cancel your personal auto policyThe written contract of insurance. by giving 10 days' written notice(l) Actual Notice - Express or implied knowledge of a fact. (2) Constructive notice - A fact, imputed. The company is required to give you 30 days' written notice if it is canceling your policy for any other reason. CancellationTermination of an insurance policyThis is the entire written insurance contract. or bondWritten evidence of an obligation given by a corporation or government entity. A surety instrument. by an insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer or a policyholderThe person who owns the insurance policy. This is usually the insured person, but it may also be a relative before its expiration dateThe date on which the policy ends.. CancellationThe discontinuance of an insurance policyThis is the entire written insurance contract. before its normal expiration dateThe date on which the policy ends., either by the InsuredThe policyholder - the person(s) protected in case of a loss or claim. or the company CancellationThe terminationEnd of a lease or contract, usually before the anticipated time; termination may be by mutual agreement of insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy. during the policy periodThe period a policy is in force, from inception date to expiration date.. Flat cancellationancellation of an insurance policy as of the date of its start with no premium charge. is the cancellation of a policyThe written contract of insurance. as of its effective dateThe date your insurance is to begin. You are not covered until the policy's effective date., without any premiumThe sum paid by a policyholder to keep an insurance policy in force charge. CancellationThis is when an insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer or an insuredThe policyholder - the person(s) protected in case of a loss or claim. personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS ยง38a-1(14)). voluntarily ends an insurance policyThis is the entire written insurance contract. according to contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder provisions or by mutual agreementAn exchange of promises, a mutual understanding or arrangement; a contract..
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