Guam § 18402 - Right to Return of Premium.

§ 18402. Right to Return of Premium.

Unless the insurance contract otherwise provides, a person

insured is entitled to a return of premium after a policy is

cancelled or rescinded as provided herein:

(a) To the whole premium if no part of his interest in

the thing insured is exposed to any of the perils insured

against;

(b) Where the insurance is for a definite term, and the

insured surrenders his policy, to such proportion of the

premium as corresponds to the unexpired portion of the

term after deducting from the whole premium any claim for

loss or damage which has previously accrued;

(c) When the contract is void or voidable on account of

the fraud or misrepresentation of the insurer;

(d) When the contract is void or voidable on account of

facts of the existence of which the insured was ignorant

without his fault;

(e) When, by any default of the insured other than

actual fraud, the insurer did not incur any liability under the

policy.