Principles of European Insurance Contract Law:Article 5:102 Subsequent Premium

Principles of European Insurance Contract Law

Article 5:102 Subsequent Premium

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

(1)

A clause, providing for the insurer to be relieved of its obligation to cover the risk in the event of nonpayment of a subsequent premium, shall be without effect unless

(a)

the policyholder receives an invoice stating the precise amount of premium due as well as the date of payment;

(b)

after the premium falls due, the insurer sends a reminder to the policyholder of the precise amount of premium due, granting an additional period of payment of at least two weeks, and warning the policyholder of the imminent suspension of cover if payment is not made; and

(c)

the additional period in requirement (b) has expired without payment having been made.

(2)

The insurer will be relieved of liability after the additional period in para. 1(b) has expired. Cover will be resumed for the future as soon as the policyholder pays the amount due unless the contract has been terminated in accordance with Article 5:103.

Deze functie is alleen te gebruiken als je bent ingelogd.