Change of Interest. The Agreement shall be void with respect to any item thereof in regard to which there may be any alteration after the commencement of this cover whereby the Participant’s interest ceases and until the Company by endorsement herein declares the cover to be continued. Where the interest ceases except by death or operation of law, this condition will not apply provided notice has been given to the Company as soon as practical after such alteration.
Appears in 2 contracts
Sources: Machinery Breakdown Takaful Participation Agreement, Participation Agreement