Common use of Accurate and Timely Information Clause in Contracts

Accurate and Timely Information. Policyholder/Employer agrees to provide The Hartford with accurate and timely information to provide selected tax services, including information to determine the taxable portion of the benefits. Submission of incorrect taxable portion of benefits by the Policyholder/Employer which later requires The Hartford to retroactively correct claimant net benefits may result in fees payable to The Hartford to cover reasonable processing.

Accurate and Timely Information. Policyholder/Employer agrees to provide The Hartford with accurate and timely information to enable The Hartford to provide selected tax servicesStandard Tax Services and any Selected Tax Services, including all information necessary to determine the taxable portion of the benefits. Any and all changes regarding Section A above must be timely communicated to The Hartford and a new Tax Services Agreement will be executed. Submission by Policyholder/Employer of incorrect information related to the taxable portion of benefits by the Policyholder/Employer which later requires The Hartford to retroactively correct claimant net benefits may result in fees payable to The Hartford to cover reasonable processing.