Change, Modification, or Waiver of Policy Terms Clause Samples
The "Change, Modification, or Waiver of Policy Terms" clause defines the conditions under which the terms of an insurance policy may be altered, amended, or set aside. Typically, this clause specifies that any changes to the policy must be made in writing and agreed upon by both the insurer and the policyholder, and that informal or verbal agreements are not valid. Its core practical function is to ensure that all parties are aware of and consent to any modifications, thereby preventing misunderstandings or disputes about the policy's coverage and obligations.
Change, Modification, or Waiver of Policy Terms. A waiver or change of any terms of this policy must be issued by us in writing to be valid. Our request for an appraisal or examination under oath does not waive any of our rights. If we adopt any revision of forms or endorsements during a policy period which would broaden coverage under this policy without additional premium, the broadened coverage will automatically apply to this policy. If this policy is issued on a continuous basis (with no specified expiration date), we may substitute or add, upon any anniversary date, forms or endorsements which are authorized for use on this policy in accordance with our manual rules in effect at the time.
Change, Modification, or Waiver of Policy Terms. A waiver or change of any terms of this policy must be issued by us in writing to be valid.
Change, Modification, or Waiver of Policy Terms. A waiver or change of any terms of this policy must be issued by us in writing to be valid. Our request for an appraisal or examination under oath does not waive any of our rights.
Change, Modification, or Waiver of Policy Terms. A waiver or change of the “terms” of this policy must be issued by “us” in writing to be valid. If “we” adopt a revision which broadens coverage under this edition of “our” policy without an additional premium, the broadened coverage will apply to “your” policy as of the date “we” adopt the revision in the state in which the premises shown on the declarations as the described location is located. This applies only to revisions adopted 60 days prior to or during the policy period shown on the declarations. This does not apply to changes adopted as a result of the introduction of a subsequent edition of “our” policy.
Change, Modification, or Waiver of Policy Terms a. A waiver or change of the “terms” of this policy must be issued by “us” in writing to be valid.
b. If “we” adopt a revision that broadens coverage under this edition of “our” policy without an additional premium, the broadened coverage will apply to “your” policy as of the date “we” adopt the revision in the state in which the “described location” is located. This applies only to revisions adopted within 60 days prior to or during the policy period shown on the “declarations”. However, this does not apply to revisions adopted as part of an overall program revision that both broadens and restricts coverage, whether “we” bring out the program revision by introducing:
1) a subsequent edition of “our” policy; or
2) an endorsement that amends “our” policy.
Change, Modification, or Waiver of Policy Terms. A waiver or change of any terms of this policy must be issued by us in writing to be valid. Our request for an appraisal or examination under oath does not waive any of our rights. If we adopt any revision of forms or endorsements during a policy period which would broaden coverage under this policy without additional premium, the broadened coverage will automatically apply to this policy. If this policy is issued on a continuous basis, (with no specified expiration date) we may substitute or add, upon any anniversary date, forms or endorsements which are authorized for use on this policy in accordance with our manual rules in effect at the time. If the change in forms or endorsements reduces coverage or limits, we must notify you as provided under the Non-Renewal terms contained in this endorsement.
Change, Modification, or Waiver of Policy Terms. A waiver or change of the terms of this policy must be issued by us in writing to be valid. If, in the policy period, we adopt a revision which broadens coverage without an additional premium, the broadened coverage will apply. Our request for an appraisal or examination under oath does not waive policy terms.
Change, Modification, or Waiver of Policy Terms a. This policy contains all the agreements between "you" and "us". A waiver or a change of the "terms" of this policy must be issued by "us" in writing to be valid.
b. When the information "we" use to determine the required premium for this policy changes, "we" may adjust the premium to reflect that change. Changes that may result in premium adjustment during the policy period include but are not limited to changes to:
1) coverages;
2) limits";
3) deductibles";
4) the number, type, or use of "covered autos";
5) the location where a "covered auto" is principally garaged;
6) the number or risk characteristics of users of any "covered auto"; or
7) qualification or eligibility for any discount or surcharge. Any adjustment that "we" make to the premium will be made according to "our" rules. If "we" adjust the premium during the policy period "we" will give "you" notice of the change.
c. If "we" adopt a revision that broadens coverage under this edition of "our" policy without an additional premium, the broadened coverage will apply to "your" policy as of the date "we" adopt the revision in the jurisdiction in which the "covered auto" is principally garaged. This applies only to revisions "we" adopt during the policy period shown on the "declarations". However, this does not apply to revisions that "we" adopt as part of an overall program revision that both broadens and restricts coverage.
Change, Modification, or Waiver of Policy Terms a. A waiver or change of the “terms” of this policy must be issued by “us” in writing to be valid. If a premium adjustment is necessary, “we” will make the adjustment as of the effective date of the change.