Conversion of Coverage Clause Samples

Conversion of Coverage. The life insurance may be converted from group coverage to private coverage upon termination of employment, or a dependent's loss of eligibility for coverage under the plan. It is the sole responsibility of the employee to notify the County within thirty (30) days of a dependent's loss of eligibility due to marriage or reaching the limiting age for coverage. Upon timely notification, a dependent losing coverage will be offered the opportunity to convert to an individual policy. Failure to notify the County within thirty (30) days of a dependent's loss of eligibility shall result in loss of conversion privileges. a. The County provides an employee assistance program (EAP) for eligible employees. The EAP will provide personal counseling for employees and/or their dependents. The counseling is intended to assist employees and eligible dependents who are experiencing personal problems such as family/marital problems, personal/emotional problems, substance abuse problems, and work- related problems. b. The County pays the cost of short-term counseling, not to exceed six (6) sessions of approximately one (1) hour each per incident per calendar year for each employee and each covered dependent. Participation in the Employee Assistance Program is confidential unless written consent is given by the employee or family member. c. Enrollment of dependents is generally automatic; no enrollment form is required. Domestic partners and/or their dependents must be enrolled as the dependents of an employee in order to be eligible for dependent benefits under this program. d. The County provides EAP services through an independent contractor. The County may from time-to-time in its sole discretion change contractors. Employees have access to the County's flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year contribution maximum of $5,000, and contribution for medical expenses up to the IRS maximum allowance in the prior calendar year. The County maintains this plan in compliance with IRC §125. Employee contributions for flexible spending account benefits are deducted on a pre-tax basis from employee pay. a. The County maintains State Disability Insurance (SDI), at the employee cost, for employees. This section is not valid if the membership elects to withdraw from SDI during the term of this Agreement and the State has approved withdrawal from SDI. b. Employees who are absent from duty because ...

Conversion of Coverage. A conversion option on the employee’s termination to be obtained without evidence of insurability and providing coverage up to the amount for which the employee was insured prior to termination. The premium of such policy shall be at the current rates of the insuring company. Application must be made within 31 days of the date of termination of insurance. The employer will advise terminating employees of this conversion privilege.

Conversion of Coverage. Eligible Dependents under this Contract have a right to a conversion to a new Contract upon:

Conversion of Coverage. Eligible Dependents under this Policy have a right to a conversion to a new Policy upon:

Conversion of Coverage. If, during the Policy Period, an Event occurs then coverage shall continue until the expiration of this policy but only with respect to Claims for Wrongful Acts occurring prior to, and Formal Investigations into conduct occurring prior to, such Event. If an Event occurs the entire premium for this policy shall be deemed fully earned unless otherwise agreed to by the Company. The Principal Organization shall give written notice of such Event to the Company as soon as practicable together with such information as the Company may require. Upon receipt by the Company of notice of an Event and at the request of the The construction and enforcement of the provisions of this policy shall be determined in accordance with and governed by the laws of India and any disputes in relation thereto shall be submitted to the exclusive jurisdiction of the courts in India.

Conversion of Coverage. If, during the Policy Period, an Event occurs then coverage shall continue until the expiration of this policy but only with respect to Claims for Wrongful Acts occurring prior to, and Formal Investigations into conduct occurring prior to, such Event. If an Event occurs the entire premium for this policy shall be deemed fully earned unless otherwise agreed to by the Company. The Principal Organization shall give written notice of such Event to the Company as soon as practicable together with such information as the Company may require. Upon receipt by the Company of notice of an Event and at the request of the Any extension of cover purchased by the Principal Organization pursuant to this section shall commence at the expiration of the cover provided for in the first paragraph of this section. If an extension of cover is purchased pursuant to this section then the entire premium paid shall be deemed fully earned at the inception of the coverage extension and such extension cannot be cancelled by the Insureds or the Company.

Conversion of Coverage. If coverage of an insured under this certificate ends due to job termination or of the condition as member of the eligible class or classes for coverage under the certificate, he or she may be eligible to convert such insurance to an individual certificate issued by MCS Life without the need to show proof or evidence of insurability, and subject to the payment of corresponding premiums within a time period not to exceed thirty-one (31) days from the qualifying event. The benefits under the conversion certificate not necessarily will be the same benefits of this certificate but according to the individual conversion certificate chosen by the insured. The conversion certificate will be a reduced benefit plan. In addition, the insurer is not obliged to issue an individual certificate to cover a person with rights to receive similar benefits under any insurance coverage or under the Medicare program of the Social Security Act, as subsequently amended, if these benefits, jointly with those provided under the individual certificate result in over- An insured is eligible for insurance conversion if: 1. He or she is an employee whose insurance terminates for whichever reason; 2. Spouse , consensual couple and/or direct dependents of an employee whose insurance terminates due to the death of the employee or divorce or marriage annulment or for any reason that disqualifies the insured as a family member under the group certificate even when the main insured continues to be under coverage. If the group certificate ceases or is amended in such a way that terminates the insurance in any insured category, any person included in such group certificate at the date of termination and that has remained as such for at least three years before the date of such termination, will have the right to the issuance of an individual disability insurance certificate by the insurer, subject to the same conditions and limitations provided in this Section. If an employee is eligible for conversion insurance, he or she may also convert under the same certificate any dependent insurance which could terminate at that time.

Conversion of Coverage. If you do not wish to continue coverage through the State System of Higher Education’s program, you will be able to enroll in a direct payment program for your medical coverage. Also, conversion is available to anyone who has elected continued coverage through COBRA and the term of that coverage has expired. If your coverage through the State System is discontinued for any reason, except as specified below, you may convert to a direct payment program. The conversion opportunity is not available if either of the following applies:  You are eligible for another group health care benefits program through your place of employment; or  When your employer’s program is terminated and replaced by another health care benefits program.