Common use of Effective Date of Insurance Clause in Contracts

Effective Date of Insurance. The insurance of a student is inforce at the date effective of the contract for the applicable school year as long as the following criteria are met: (a) you are actively studying; (b) you are insured by your province’s health insurance plan, or an equivalent private insurance plan; (c) you have not withdrawn during the period of modification and withdrawal; (d) your tuition fees have been paid in full. Any claim made after the beginning of the current session but before the payment in full of your tuition fees will be eligible for reimbursement following the payment of your tuition, provided that you meet the other eligibility conditions. Any insurance coverage or part thereof that requires proof of insurability deemed to be satisfactory by the insurer shall, however, take effect only on the day the insurer has accepted such proof of insurability. The date of acceptance shall then be the reception date by the insurer or any such final proof of insurability required by the insurer. The insurer then notifies the policyholder in writing as to its decision to grant or deny coverage or any part thereof for the insurance so requested. Upon notification by the insurer of its decision, the policyholder then immediately notifies the student of this decision in writing.