Reso 2001-399 - Laserfiche WebLink

Home Browse Search

POLICY TERMINATION TERMINATION BY THE COMPANY, When terminating this Policy for a reason other than nonpayment of premium, the Company must give the Group Policyholder at least 45 days' advance written notice of cancellation, nonrenewal or expiration of this Policy, The Group Policyholder shall forward, as soon as practical, the notice of cancellation, nonrenewal or expiration to each Covered Person. Until the premium rate has been in effect for at least twelve months, the Company can terminate coverage only if: (1) the number of Covered Employees is less than ten; (2) part of the premium is paid by Covered Employees or through a Section 125 plan; and (a) for Employee Dental Coverage, less than 75% of the eligible Employees are covered; and/or (b) for Dependent coverage, less than 60% of eligible Employees with dependents, are covered for Dependent Dental Coverage; (3) all of the premium is paid from the Group Policyholder's general funds: (a) for Employee coverage; and less than 100% of eligible Employees are covered by the Policy; or (b) for Employee and Dependent Coverage; and less than 100% of eligible Employees and Dependents are covered by this Policy; (4) the Group Policyholder fails to promptly furnish any information which the Company may reasonably require; (5) the Group Policyholder, without good cause, fails to perform its duties pertaining to this Policy in good faith; (6) this Policy's terms are changed as a result ofa change in federal, state or local law which affects this Policy; (7) a division, subsidiary or affiliated company is added or removed from this Policy; (8) the Group Policyholder or a division, subsidiary or affiliates company relocates; or (9) when the number of Covered Employees changes by 15% or more from the number covered on this Policy's effective date or the most recent anniversary, In determining the above participation rates, "eligible employees" will not include any employee who declines to enroll, because it would result in duplicate coverage: (1) under this Policy as an Employee and a Dependent at the same time; or (2) under this Policy and another group dental plan with his or her spouse's employer. After the premium rate has been in effect for at least 12 months, the Company can terminate coverage on any premium due date, by giving the Group Policyholder at least 45 days advance written notice. TERMINATION BY GROUP POLICYHOLDER. The Group Policyholder may terminate this Policy at any time by giving the Company advance written notice. Coverage will then terminate: (1) on the date the Company receives the notice; or (2) any later date the Group Policyholder and the Company have agreed upon, The Group Policyholder remains responsible for the payment of premiums to the date of termination. AUTOMATIC TERMINATION. This Policy will terminate without any action on the part of the Company on the day before the due date of any premium which remains unpaid at the end of the grace period, 17 (10 lives) 09/01/01 GL11-11-PT FL