Common use of DUTIES OF CONTRACTING PARTIES Clause in Contracts

DUTIES OF CONTRACTING PARTIES. UPON TERMINATION BY REASON OF DEFAULT When termination of the contract occurs by reason of default, THE ADMINISTRATION and INSURER must meet the following obligations: 10.2.1 THE ADMINISTRATION and INSURER must prepare a transition plan, which is acceptable to and approved by THE ADMINISTRATION, to ensure that beneficiaries are reassigned to other plans without interruption of services. That transition plan will be implemented during the 90-day period between receipt of notice and the termination date unless termination is the result of THE ADMINISTRATION's reasonable belief that INSURER is placing the health or welfare of beneficiaries in jeopardy.