Common use of ADDITIONAL PREMIUMS Clause in Contracts

ADDITIONAL PREMIUMS. The money paid by AFCO is only for the premium as determined at the time the insurance policy is issued. AFCO´s payment shall not be applied by the insurance company to pay for any additional premiums owed by the insured as a result of any type of misclassification of the risk. The insured agrees to pay the company any additional premiums which become due for any reason. AFCO may assign to the company any rights it has against the insured for premiums due the company in excess of the premiums returned to AFCO.

ADDITIONAL PREMIUMS. The money paid by AFCO is only for the premium as determined at the time the insurance policy is issued. AFCO´s payment shall not be applied by the insurance company to pay for any additional premiums owed by the insured as a result of any type of misclassification of the risk. The insured agrees to pay the company any additional premiums which become due for any reason. AFCO may assign to the company any rights it has against the insured for premiums due the company in excess of the premiums returned to AFCO.