Article 11 (Return of premium-invalidity or losing effect of insurance)
1. No premium shall be returned if invalidity or losing effect of the insurance takes place for a reason not imputable to the Company.
2. If invalidity or losing effect of the insurance takes place for a reason imputable to the Company the full premium shall be returned in cased of invalidity and pro rata premium for unexpired period in case of losing effect.
3. In case a policy effected for a period more than one year become invalid or loses its effect, provision of the foregoing two paragraph shall apply with respect to the premium for the policy year to which belongs the day on which Company has become aware thereof, the full premium shall be returned with respect to the premium for subsequent policy year or year.