Common use of Acceptance of Payment Clause in Contracts

Acceptance of Payment. a. For the individual market: i. When Agent assists Consumers with an online application through CalHEERS, monies received by Agent or Agency shall be processed in accordance with Agent’s or Agency’s agreement with the QHP Issuers and, under no circumstances, shall be sent to Covered California. ii. When Agent assists Consumers with a paper application, neither the Agent nor Agency shall accept any payments and the Consumer shall be instructed by Agent and/or Agency to pay the premium statement issued by the QHP Issuer. b. For CCSB, monies collected by Agency or Agent from employers for or on behalf of Covered California shall be made payable to Covered California and received by Agency or Agent in a fiduciary capacity. Monies collected by Agency or Agent for CCSB shall not be commingled with personal funds of Agent or funds of Agency and shall be remitted to Covered California no later than five (5) business days from the day of receipt. Agency and Agent shall only receive payment from employers tendered with a completed initial enrollment application. Agency and Agent shall not receive any subsequent payments.

Acceptance of Payment. a. For the individual market: i. When Agent assists Consumers with an online application through CalHEERS, monies received by Agent or Agency shall be processed in accordance with Agent’s or Agency’s agreement with the QHP Issuers and, under no circumstances, shall be sent to Covered California. ii. When Agent assists Consumers with a paper application, neither the Agent nor Agency shall not accept any payments and the Consumer shall be instructed by Agent and/or Agency to pay the premium statement issued by the QHP Issuer. b. For CCSB, monies collected received by Agency or Agent from employers Employers for or on behalf of Covered California shall be made payable to Covered California and received by Agent or Agency or Agent in a fiduciary capacity. Monies collected received by Agency or Agent for CCSB shall not be commingled with personal funds of Agent or funds of Agency and shall be remitted to Covered California by no later than five (5) business days from the day of receipt. Agency and Agent shall only receive payment from employers tendered with a completed initial enrollment application. Agency and Agent shall not receive any subsequent payments.