Common use of Cancellation Procedure Clause in Contracts

Cancellation Procedure. 15.1 In the event that monies remain outstanding 15 days beyond their due date for payment, a recorded delivery letter may be sent to the address of the client(s) of the intermediary, advising them that cancellation of their policy(s), or cover(s). In such circumstances, Focus shall not be responsible for any losses after the date of cancellation.

Appears in 2 contracts

Sources: Terms of Business Agreement, Terms of Business Agreement