<p>The amount of any loss or damage for which the company may be liable, under this policy, shall be paid within thirty (30) days after proof of loss is received by the company and ascertainment of the loss or damage is made either by agreement between the insured and the company or by arbitration, but if such ascertainment is not had or made within sixty (60) days after such receipt by the company of the proof of loss, then the loss or damage shall be paid within ninety (90) days after such receipt. Refusal or failure to pay the loss or damage within the time prescribed herein will entitle the assured to collect interest on the proceeds of the policy for the duration of the delay at the rate of SIX (6%) PERCENT PER ANNUM, unless such failure or refusal to pay is based on the grounds that the claim is fraudulent.&nbsp;</p>
