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Cancellation of an insurance policy before the end of the policy period has the effect of ending the insurance coverage on the date of the cancellation. This can result in a partial return premium which can be calculated in different ways depending on the method specified in the policy.
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While a waiver is often in writing, sometimes a person's words can also be used as a counteract to a waiver. An example of a written waiver is a disclaimer , which becomes a waiver when accepted. When the right to hold a person liable through a lawsuit is waived, the waiver may be called an exculpatory clause , liability waiver , legal release ...
A liability waiver is a legal document that a person who participates in an activity may sign to acknowledge the risks involved in their participation. By doing so, the company attempts to remove legal liability from the business or person responsible for the activity.
Cancellation fees can be a flat fee or a short-rate fee. With short-rate cancellations, the insurer will charge the policyholder a percentage of the unearned premium — usually 10 percent.
American Automobile Association (AAA – commonly pronounced as "Triple A" or "Three A" but also pronounced as individual letters) is a federation of motor clubs throughout North America. AAA is a privately held not-for-profit national member association and service organization with over 60 million members [ 1 ] in the United States and Canada ...
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AAA Western and Central New York alerted its members to the fraudulent emails and text messages on X Monday after being made aware of falsely branded emails sent to some members.