Puerto Rico Sample Letter to Defendant concerning Repayment of Unearned Premiums

• Category: Letters - Legal - Collections
• State: Multi-State
• Control #: US-0415LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Dear [Defendant's Name], I am writing to you on behalf of [Insurance Company Name] regarding the repayment of unearned premiums on your insurance policy in Puerto Rico. Puerto Rico is an unincorporated territory of the United States, located in the northeastern Caribbean. It is known for its rich history, vibrant culture, and beautiful landscapes. With its tropical climate, stunning beaches, and lush rainforests, Puerto Rico attracts millions of tourists each year. Now, getting back to the matter at hand, we regret to inform you that due to certain circumstances, your insurance policy with [Insurance Company Name] has been terminated before its designated end date. As a result, there are unearned premiums that need to be refunded to you. Unearned premiums refer to the portion of the premium that covers the time period after the policy's cancellation or termination. Since you paid for coverage that will not be provided, it is only fair and in accordance with insurance regulations that we return these unearned premiums to you. To calculate the exact amount of unearned premiums, our team has used the pro rata method. This method divides the total premium by the number of days in the policy period to determine the daily premium rate. The earned premium is then calculated by multiplying the daily rate by the number of days the policy was in effect. Finally, the unearned premium is derived by deducting the earned premium from the total premium. Considering the details of your insurance policy, we have determined that the unearned premium amount is EX.XX. We kindly request that you provide us with your updated mailing address, so we can issue the refund promptly. Please note that failure to provide the necessary information may result in a delay in processing your refund. We understand that unexpected circumstances can lead to policy cancellations or terminations. Our aim is to provide exceptional customer service, and that includes ensuring the prompt return of any owed funds. Once we receive your updated address, we will mail the refund check within [number of days] business days. In case you have any questions or require further clarification regarding the repayment of unearned premiums, please do not hesitate to contact our customer service department at [contact information]. Our knowledgeable representatives will be more than happy to assist you. Thank you for your attention to this matter, and we appreciate your cooperation in facilitating the refund process. We value your business with [Insurance Company Name] and hope to serve you again in the future. Warm regards, [Your Name] [Position] [Insurance Company Name]

Dear [Defendant's Name], I am writing to you on behalf of [Insurance Company Name] regarding the repayment of unearned premiums on your insurance policy in Puerto Rico. Puerto Rico is an unincorporated territory of the United States, located in the northeastern Caribbean. It is known for its rich history, vibrant culture, and beautiful landscapes. With its tropical climate, stunning beaches, and lush rainforests, Puerto Rico attracts millions of tourists each year. Now, getting back to the matter at hand, we regret to inform you that due to certain circumstances, your insurance policy with [Insurance Company Name] has been terminated before its designated end date. As a result, there are unearned premiums that need to be refunded to you. Unearned premiums refer to the portion of the premium that covers the time period after the policy's cancellation or termination. Since you paid for coverage that will not be provided, it is only fair and in accordance with insurance regulations that we return these unearned premiums to you. To calculate the exact amount of unearned premiums, our team has used the pro rata method. This method divides the total premium by the number of days in the policy period to determine the daily premium rate. The earned premium is then calculated by multiplying the daily rate by the number of days the policy was in effect. Finally, the unearned premium is derived by deducting the earned premium from the total premium. Considering the details of your insurance policy, we have determined that the unearned premium amount is EX.XX. We kindly request that you provide us with your updated mailing address, so we can issue the refund promptly. Please note that failure to provide the necessary information may result in a delay in processing your refund. We understand that unexpected circumstances can lead to policy cancellations or terminations. Our aim is to provide exceptional customer service, and that includes ensuring the prompt return of any owed funds. Once we receive your updated address, we will mail the refund check within [number of days] business days. In case you have any questions or require further clarification regarding the repayment of unearned premiums, please do not hesitate to contact our customer service department at [contact information]. Our knowledgeable representatives will be more than happy to assist you. Thank you for your attention to this matter, and we appreciate your cooperation in facilitating the refund process. We value your business with [Insurance Company Name] and hope to serve you again in the future. Warm regards, [Your Name] [Position] [Insurance Company Name]