Automatic Extension of Policy Clause Samples

Automatic Extension of Policy. Automatic extension of the Period of Insurance is granted up to a period of 7 consecutive days, from the Policy Expiry Date, if the extension is necessary, due to the following reasons which directly results in the extension of the Trip duration: 1. If a Claim is admitted under Section 1 - 1.1 (Medical Expenses – Accident and Illness) or 1.14 (Medical Expenses - Accident Only) and the Insured Person is still hospitalized overseas after the expiry of the Period of Insurance and not fit to travel as per the treating Medical Practitioner; or 2. Death of the Travelling Companion during the trip; or 3. Travelling Companion is hospitalized as In-patient in Emergency Care due to illness or injury; or 4. Any natural calamity which prevents the accessibility of the place of destination which forces the Insured to extend the trip; or
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Related to Automatic Extension of Policy

  • Automatic Extension At the end of the initial term and any subsequent ------------------- term, this Agreement shall automatically renewed for a five (5) year term unless one of the parties provides the other party with written notice of intent not to renew, not less than one hundred eighty (180) day prior to the expiration of the then current term.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Automatic Termination Unless earlier terminated pursuant to this Section 13, this Agreement shall automatically terminate upon the issuance and sale of all of the Placement Securities through (1) the Sales Agent on the terms and subject to the conditions set forth herein with an aggregate sale price equal to the amount set forth in Section 1 of this Agreement or (2) the Alternative Sales Agents through the Alternative Distribution Agreements on the terms and subject to the conditions set forth therein or any Placement Notice.