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MINIMUM EARNED PREMIUM <br />CANCELLATIONS AND AUDITS <br /> <br /> <br /> <br />It is hereby understood and agreed that in the event of cancellation of coverage by the insured. <br />the minimum earned premium under this policy shall be of the policy premium. <br />36& <br /> <br />It is further understood the minimum earned premium of this policy shall be of <br />211& <br />the policy premium if the policy is in effect for the full term and the audit shows a lower exposure <br />than estimated. <br /> <br /> <br /> <br /> <br /> S1003 (8/91) Page 1 of 1 <br /> <br />