Notice of Cancellation or Material Change in Coverage Clause Samples

The Notice of Cancellation or Material Change in Coverage clause requires an insurer to inform the policyholder, and sometimes additional parties, if the insurance policy is being canceled or if there are significant changes to its terms. Typically, this notice must be provided within a specified number of days before the cancellation or change takes effect, and may apply to changes such as reduced coverage limits or altered exclusions. The core function of this clause is to ensure that all relevant parties have adequate warning to seek alternative coverage or adjust their risk management strategies, thereby preventing unexpected lapses or gaps in insurance protection.
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Notice of Cancellation or Material Change in Coverage. Contractor and the insurer shall provide SJRA with thirty days prior written notice of cancellation or material change in coverage.
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Notice of Cancellation or Material Change in Coverage as required in 2.6, above.
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Notice of Cancellation or Material Change in Coverage. The certificate of insurance shall contain a requirement that the Insurance company notify the City 30 days prior to any
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Notice of Cancellation or Material Change in Coverage. The certificate of insurance shall contain a requirement that the Insurance company notify the City 30 days prior to any cancellation or material change in coverage. If the approved insurance company will not provide this 30 day notice, the Contractor shall provide written notice to the City contract manager within two days after the Contractor becomes aware that their coverage has been canceled or has been materially changed. The Contractor shall either fax ▇▇▇-▇▇▇-▇▇▇▇ said notice or email it directly to City Finance Department at ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇-▇▇.▇▇▇. Regardless of what circumstances cause Contractor’s insurance coverage to cease or be modified, it is the Contractor’s responsibility to notify the City. Failure to maintain proper insurance or provide notice of cancellation or modification shall be grounds for immediate termination of this contract. (Contractor initials)
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Related to Notice of Cancellation or Material Change in Coverage

  • Notice of Cancellation or Change There shall be no cancellation, change, potential exhaustion of aggregate limits or non-renewal of insurance coverage(s) without thirty (30) days written prior written notice to the State.

  • Notice of Change or Cancellation There shall be no cancellation, material change, exhaustion of aggregate limits, or intent not to renew insurance coverage, either in whole or in part, without at least sixty (60) calendar days prior written Legal Notice by Contractor to Enterprise Services. Failure to provide such notice, as required, shall constitute default by Contractor. Any such written notice shall include the Contract number stated on the cover of this Contract.

  • Notice of Cancellation Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to City.

  • Notice of Cancellation or Non-Renewal Policies shall be written so as to include the requirements for notice of cancellation or non-renewal in accordance with the New York State Insurance Law. Within five (5) business days of receipt of any notice of cancellation or non-renewal of insurance, the Contractor shall provide OGS with a copy of any such notice received from an insurer together with proof of replacement coverage that complies with the insurance requirements of this Contract.

  • Voluntary cancellation The Borrower may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of £1,000,000) of an Available Facility. Any cancellation under this Clause 7.2 shall reduce the Commitments of the Lenders rateably under that Facility.