Jefferson Pilot Life Ins.#1 - Laserfiche WebLink

Home Browse Search

PREMIUMS AND PREMIUM RATES AYMENT OF PREMIUMS. No coverage provided by this Policy will be in effect until the first premium for such coverage is id. For coverage to remain in effect, each subsequent premium must be paid on or before its due date. The Group Policyholder is responsible for paying all premiums as they become due. Premiums are payable on or before their due dates at the Company's Home Office. GRACE PERIOD. A grace period of 31 days from the due date will be allowed for the payment of each premium after the first. During the grace period, the Policy will remain in effect. However, the Group Policyholder will remain liable for payment of a pro rata premium for the time this Policy remained in force during the grace period. PREMIUM RATE CHANGE. The Company may change any premium rate: (1) when this Policy's terms are changed: (a) as agreed upon by the Group Policyholder and the Company; or (b) as a result of a change in federal, state or local law which affects this Policy; (2) when a division, subsidiary or affiliated company is added or removed from this Policy; (3) when the Group Policyholder or division, subsidiary or affiliates company relocates; (4) 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; or (5) on any premium due date after this Policy's first anniversary, or later Rate Guarantee Date agreed upon by the Company. Unless the Company and the Group Policyholder agree otherwise, the Company will give at least 45 days advance written notice of any increase in premium rates. PREMIUM AMOUNT. The amount of premium due on each due date will be the total of the premium amounts obtained by multiplying: •(1) each rate shown in the Premium Rate Schedule; by (2) the number of employee and family units covered; and then adding the monthly billing fee, if any. For premium purposes, the effective date of any change in coverage is the first day of the Coverage Month which coincides with or follows the change. Changes will not be pro -rated daily. PREMIUM RATE SCHEDULE Monthly Dental Rates Employee Only Coverage Employee and one Dependent Employee and two or more Dependents $20.93 per employee $41.29 per family unit $60.34 per family unit The above rates are guaranteed until September 1, 2003, unless any of the Policy's terms or the Company's liability are changed, as described in parts 1 through 4 of the PREMIUM RATE CHANGE section, above. After that, any premium rate change will be as shown in the renewal letter. The Company will send the Group Policyholder a renewal letter prior to each Policy anniversary. n LJ GL11 -10 -PR FL 16 09/01/01