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Cheque or Credit Card
Simply write us a cheque for
the full annual premium, plus sales tax where applicable*, and don't
worry about it again until next year; or, you can pay by VISA or MasterCard.
(Complete the credit card portion of the attached Authorization Form).
* For Ontario, Quebec and Newfoundland
Automatic Withdrawals
All we need is:
- completed Authorization
Form
- voided, personalized
cheque
Account Status
For Canada-wide service in
English, call (403) 298-4230 , or toll-free 1-866-244-4446.
For service in French, call 1-866-244-4445.
Policy Changes
Mid-term revisions to your
policy that cause a premium change will be reflected in future withdrawals.
A notice will be sent to you advising of the new amount. However, changes
toward the end of the policy term will result either in a refund from
us or a separate remittance automatic withdrawal (if there is an additional
premium owing). A notice will be sent to you advising of the date and
amount.
Policy Renewal
Your withdrawals will not be
interrupted by the upcoming expiry of your policy; they will just continue
on unless you advise us that renewal will not be required.
Service Administration Fees
Single Payment
(Cheque, Credit Card or Automatic Withdrawal) |
No service fee |
Three Consecutive Monthly Payments
(Automatic Withdrawal) |
2% service fee on total premium |
Four Consecutive Monthly Payments
(Automatic Withdrawal) |
2% service fee on total premium |
Twelve Consecutive Monthly Payments
(Automatic Withdrawal) |
3% service fee on total premium |
| Unsuccessful Withdrawal (NSF) |
$20.00 administration fee |
The Sovereign is one of the
major commercial insurers in Canada, dealing exclusively with independent
brokers. It is also a member of The Co-operators group of companies,
giving it access to resources one would expect from the leading
Canadian-owned multi-product insurance company.
The Sovereign General is headquartered
in Calgary, Alberta, with branch offices in major centres from coast
to coast.
Conditions of Automatic Monthly
Withdrawal
- I/We hereby authorize
the named bank/financial institution to debit my/our account
identified overleaf each month for all payments payable to The
Sovereign General Insurance Company, in payment of my/our insurance
premiums and applicable taxes, service charges and administration
fees. Payments will be collected monthly in advance. The bank/financial
institution's treatment of each payment will be the same as if
I/we had personally issued a cheque authorizing them to pay as
indicated and to debit the amount specified to my/our account.
- Payment amounts may
vary.
- Any delivery of this
authorization to The Sovereign General Insurance Company constitutes
delivery by me/us.
- I/We will ensure that
funds are available at time of withdrawal.
- I/We understand that
a monthly service charge is applicable.
- I/We understand that
an administration fee is applicable, and in the event of an unsuccessful
withdrawal, the policy may be cancelled.
- I/We will provide
a minimum 30 days notice, prior to the next scheduled withdrawal
date to The Sovereign General Insurance Company advising of any
changes in banking information.
- I/We may cancel this
authorization at any time upon written notice.
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