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<br />PRIOR INSURANCE CREDIT UPON TRANSFER OF INSURANCE CARRIERS <br /> <br />To prevent loss of coverage for an Employee because of a transfer of insurance carriers, this Policy will provide Prior <br />Insurance Credit for employees insured under the prior carrier's policy on its termination date as follows. <br /> <br />FAILURE TO BE ACTIVEL Y-AT-WORK DUE TO INJURY OR SICKNESS, Subject to premium payments, this Policy will <br />provide coverage to an Employee: <br />1. who was insured by the prior carrier's policy at the time of transfer; and <br />2, who was not Actively-At-Work due to Injury or Sickness on this Policy's Effective Date. <br /> <br />The coverage will be that provided by the prior carrier's policy, had it remained in force. The Company will pay: <br />1. the benefit that the prior carrier would have paid; minus <br />2. any amount for which the prior carrier is liable. <br /> <br />DISABILITY DUE TO A PRE-EXISTING CONDITION, Benefits may be payable for a Total Disability due to a Pre-Existing <br />Condition for an Employee who: <br />1. was insured by the prior carrier's policy at the time of transfer; and <br />2. was Actively-At-Work and insured under this Policy on this Policy's Effective Date. <br /> <br />The benefits will be determined as follows: <br />1. The Company will apply this Policy's Pre-Existing Condition Exclusion. If the Insured Employee <br />qualifies for benefits, such Insured Employee will be paid according to this Policy's benefit schedule. <br />2., If the Insured Employee cannot satisfy this Policy's Pre-Existing Condition Exclusion, but can satisfy the <br />prior carrier's pre-existing condition exclusion giving consideration towards continuous time insured <br />under both policies; then he or she will be paid in accord with the benefit schedule and all other terms, <br />conditions and limitations of: <br />(a) this Policy without applying the Pre-Existing Condition Exclusion; or <br />(b) the prior carrier's policy; <br />whichever is less. <br />3, If the Insured Employee cannot satisfy the Pre-Existing Condition Exclusion of this Policy or that of the <br />prior carrier, no benefit will be paid, <br /> <br />Prior Insurance Credit <br /> <br />GL3001-LID-1899 <br /> <br />28 <br /> <br />01/01/01 <br />