Common use of Change of Carriers Clause in Contracts

Change of Carriers. The Board may change carrier(s) for any of the insurance programs provided that such coverage and services shall be equivalent to that provided by the present carrier(s) as of the effective date of this contract (i.e., no reduction in any coverage or in service, or the financial capacity to provide such insurance programs). If the change in carriers would result in a reduction in coverage or service, XXXX approval is required. XXXX shall be notified thirty (30) days in advance of any proposed change in carrier(s). The content of the plan benefits will remain the same (level of benefits and associated cost) in the event the carrier changes or the contract comes under the authority of a consortium.

Change of Carriers. The Board may change carrier(s) for any of the insurance programs provided that such coverage and services shall be equivalent to that provided by the present carrier(s) as of the effective date of this contract (i.e., no reduction in any coverage or in service, or the financial capacity to provide such insurance programs). If the change in carriers would result in a reduction in coverage or service, XXXX RHEA approval is required. XXXX RHEA shall be notified thirty (30) days in advance of any proposed change in carrier(s). The content of the plan benefits will remain the same (level of benefits and associated cost) in the event the carrier changes or the contract comes under the authority of a consortium.