For policies to have validity, the premiums must estar received in full by the Insurer, General Agents or Local Agents within the first ten (10) days of validityExcept agreement signed between the parties, excepting from said agreements the surety bond contracts. Even in /// that there is a agreement de paid, Ia validity of the policy will not exceed Ia when and where that reaches, calculated at pro rata The premium actually paid.
Paragraph I: The deadlines that may be agreed upon by the parties, as seen here this Article, do not include surety bond contracts and may not exceed one hundred and twenty (120) days from the start of the validity.
Paragraph II.- Transportation Insurance is excepted. Load and floating or fixed-term policies. declaration monthly, which will be governed by the contractual provisions.
Paragraph III.- The paid of the premium implies the acceptance expresses by part of the Insurer of the printed conditions and what is stated in the declarations of the policy, as well as all endorsements made to said policy
El paid from the premium of the contracts of Insurance de Lifespan must be made in advance in accordance with the crafts de paid specified therein, according to the plan Insurance agreed.
So that the parties can formalize el agreement de paid indicated in paragraph I of the article 74 of this section, the insured must pay at least 25% of the total premium of the policy, within ten (10) days from the date of when and where marked as the beginning of validity.
Notwithstanding the provisions of the first article In this section, the premiums for insurance policies Insurance Collective corresponding to the Branch of Insurance Personal Insurance (Personal Accident and Health Insurance) may be paid in advance in monthly installments.
On period de grace of ten (10) days granted by this law, the contract de Safety will remain in force, but if it is not paid or formalized paid of the cousin as seen here the preceding articles, the contract de Safety any product risk except Lifespan, will be cancelled in full right for all your effects.
In the case of Insurance contracts Lifespan Individual, these will expire when you have exhausted your values of Reservations and the responsibility of the Insurer will be established in its Specific Stipulations and Conditions.
Premiums shall be paid to the Insurers, General Agents or Local Agents, without discount code some; and after the completion of the payment of the same, those will pay the commission agreed upon, at least once a year month, Corridors insurance, Agent Personal Insurance or Agent General Insurance, as applicable.
The premiums given by a insured his Corridors Insurance will not be understood as paid to the Insurer as long as they are not received by this one, by his Agent General or his Agent Local, unless the Insurer or on Agent General or his Agent Local, authorized by written al Corridors Insurance to collect such premiums or that by prior agreement the aforementioned premiums are charged to the account current of the Corridors Insurance for the Insurer, or for his Agent General or by its Agent Local. This provision will not affect the derechos y obligations among themselves Insurer and the Intermediaries.
All fondos en power of the Brokers that represent premiums paid by the insured, or returns of premiums corresponding to the same, will have them at title de Deposit, they will not mix them with others fondos and will use them only to deliver them in their entirety to people with right to them, in a Plazo No. Most ten (10) days after the event payment.
Any Intermediary who, without estar authorized legally For this purpose, give a use different from said fondos, will be liable to the penalties established in the Code Criminal law for crime of abuse of confidence. .
Which gives null and void value o effect, any clause that is inserted in the policy, or any agreement between the parties that contradicts the terms of the articles of this section.
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