[Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Defendant's Name] [Defendant's Address] [City, State, ZIP Code] Subject: Repayment of Unearned Premiums — Demand for Fulfillment Dear [Defendant's Name], I hope this letter finds you in good health and high spirits. I am writing to address a pressing matter regarding the repayment of unearned premiums owed to me by [insurance company name]. As a resident of Fulton, Georgia, I believe it is crucial to bring this matter to your attention. As you may be aware, unearned premiums are the portion of the premium paid in advance for an insurance policy that is entitled to be refunded to the policyholder if the policy is canceled before the term expires. In my case, I held a policy with [insurance company name] for the period from [policy start date] to [policy end date]. Regrettably, circumstances led to the premature cancellation of my policy on [policy cancellation date]. Therefore, I am entitled to receive a prorated amount of the unearned premiums associated with the remaining coverage period, as stipulated in the insurance contract. According to my calculations, the total unearned premiums amount to $[amount owed]. However, despite several attempts to resolve this matter amicably, I have received no response or reimbursement from [insurance company name]. This negligence is both disappointing and unacceptable. It is important to note that failure to repay the unearned premiums violates the terms of our insurance contract as well as relevant insurance regulations in Fulton, Georgia. As such, I kindly request that you rectify this situation by immediately reimbursing me the aforementioned amount. In the event that prompt repayment is not forthcoming, I may have no choice but to consider pursuing legal action to protect my rights as a policyholder. I trust that it will not come to this and that you will prioritize resolving this matter in a fair and expeditious manner. To ensure a swift resolution, please provide me with a written response within [a reasonable timeframe, such as 30 days] confirming the reimbursement of the unearned premiums or providing a detailed explanation of the delay along with a proposed timeline for repayment. I look forward to a positive resolution and the timely return of the unearned premiums owed. Please consider this letter as my final attempt to resolve this matter without legal intervention. Should the need arise, I will not hesitate to undertake appropriate legal measures to protect my interests. Thank you for your attention to this matter. I anticipate your prompt reply. Sincerely, [Your Name]
Fulton Georgia Sample Letter to Defendant concerning Repayment of Unearned Premiums
Description
How to fill out Fulton Georgia Sample Letter To Defendant Concerning Repayment Of Unearned Premiums?
Laws and regulations in every area vary around the country. If you're not a lawyer, it's easy to get lost in countless norms when it comes to drafting legal documents. To avoid high priced legal assistance when preparing the Fulton Sample Letter to Defendant concerning Repayment of Unearned Premiums, you need a verified template valid for your county. That's when using the US Legal Forms platform is so helpful.
US Legal Forms is a trusted by millions online library of more than 85,000 state-specific legal templates. It's a perfect solution for specialists and individuals searching for do-it-yourself templates for various life and business scenarios. All the forms can be used multiple times: once you purchase a sample, it remains accessible in your profile for future use. Therefore, if you have an account with a valid subscription, you can simply log in and re-download the Fulton Sample Letter to Defendant concerning Repayment of Unearned Premiums from the My Forms tab.
For new users, it's necessary to make a couple of more steps to get the Fulton Sample Letter to Defendant concerning Repayment of Unearned Premiums:
- Examine the page content to make sure you found the right sample.
- Utilize the Preview option or read the form description if available.
- Search for another doc if there are inconsistencies with any of your requirements.
- Use the Buy Now button to obtain the document when you find the correct one.
- Choose one of the subscription plans and log in or sign up for an account.
- Decide how you prefer to pay for your subscription (with a credit card or PayPal).
- Pick the format you want to save the file in and click Download.
- Fill out and sign the document on paper after printing it or do it all electronically.
That's the easiest and most economical way to get up-to-date templates for any legal purposes. Locate them all in clicks and keep your paperwork in order with the US Legal Forms!
Form popularity
FAQ
A property or casualty insurer must carry all unearned premiums as a liability in its financial statement since, if the policy should be canceled, the insurer would have to pay back a certain part of the original premium.
A property or casualty insurer must carry all unearned premiums as a liability in its financial statement since, if the policy should be canceled, the insurer would have to pay back a certain part of the original premium.
The insurer is subject to refund the unearned premium if the insured decides to terminate the policy before the policy period ends. The unearned premium is to be returned when the insured item is lost, and the coverage for the item is no longer required or when the insurer cancels the coverage.
The insurer is subject to refund the unearned premium if the insured decides to terminate the policy before the policy period ends. The unearned premium is to be returned when the insured item is lost, and the coverage for the item is no longer required or when the insurer cancels the coverage.
Unearned premiums may be subject to return if a client ends coverage before the term covered by the premium is complete. An unearned premium may be returned when an insured item is declared a total loss and coverage is no longer required, or when the insurance provider cancels the coverage.
-The insurer must provide the insured with written notice of the cancellation. Unearned premiums are retained by the insurance company.
Insurance providers may not have to return a portion of unearned premium when a policyholder terminates the coverage for no given reason, or for reasons such as securing a similar policy with a different provider.
Definition. Unearned Premium Reserve (UEPR or UPR) the amount of unexpired premiums on policies or contracts as of a certain date (the total annual premium less the amount earned).
Ins. Law § 3428(d) (McKinney 2007) requires an insurer to return any gross unearned premium due to the finance company within a reasonable time not to exceed sixty days after the effective date of cancellation.
One insurer may require 30 days notice of cancelation to offer a return premium. If you have an agent or broker who sold you a policy that went through another insurer, you can double that 30-day waiting period to 60 days, as the reporting and accounting cycles are realized.