Common use of Return of Premium Clause in Contracts

Return of Premium. If “you” financed your insurance premiums through a Premium Finance Company and “you” assigned your right to collect unearned premiums to the Premium Finance Company, then “we” shall return the unearned premium to the Premium Finance Company. "Your" rights and duties under this policy may not be assigned without "our" written consent. However, if a "named insured" shown on the Declarations dies, coverage will be provided for: A. The surviving spouse if resident in the same household at the time of death. Coverage applies to the spouse as if a "named insured" shown in the Declarations; and B. The legal representative of the deceased person as if a "named insured" shown in the Declarations. This applies only with respect to the representative's legal responsibility to maintain or use "your covered auto". TWO OR MORE AUTO POLICIES BANKRUPTCY

Return of Premium. If “you” financed your insurance premiums through a Premium Finance Company and “you” assigned your right to collect unearned premiums to the Premium Finance Company, then “we” shall return the unearned premium to the Premium Finance Company. "Your" rights and duties under this policy may not be assigned without "our" written consent, unless such assignment occurs post-loss. However, if a "named insured" shown on the Declarations dies, coverage will be provided for: A. The surviving spouse if resident in the same household at the time of death. Coverage applies to the spouse as if a "named insured" shown in the Declarations; and B. The legal representative of the deceased person as if a "named insured" shown in the Declarations. This applies only with respect to the representative's legal responsibility to maintain or use "your covered auto". TWO OR MORE AUTO POLICIES BANKRUPTCY