Employer Fails to Submit Premiums Immediately When Due Sample Clauses

Employer Fails to Submit Premiums Immediately When Due. If the Employer fails to remit all premiums when due, this Contract shall be considered to be in a lapsed status. The lapsed status shall have the same effect as if the Contract had been terminated on the date premiums were due until such time the Employer remits all premiums, DWRF Assessment, Administrative Assessment fines, interest, and the penalties due and payable to the Administrator. This is in accordance with Chapter 4123 of the Code, Chapter 4123 of the Administrative Code and the Bureau policies in effect on the date the lapsed status occurs. Further, Employer’s failure to submit premiums immediately when due are grounds for Administrator to cancel this Contract.
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Employer Fails to Submit Premiums Immediately When Due. If the Employer fails to remit all premiums when due, this Contract shall be considered to be in a lapsed status. The lapsed status shall have the same effect as if the Contract had been terminated on the date premiums were due until such time the Employer remits all premiums, DWRF Assessm ent, Administrative Assessment, Premium Security Deposit, fines, interest, and the penalties due and payable to the Administrator. This is in accordance with Chapter 4123 of the Code, Chapter 4123 of the Administrative Code and the Bureau policies in effect on the date the lapsed status occurs.
Sample 1
Employer Fails to Submit Premiums Immediately When Due. If the Employer fails to remit all premiums when due, this Contract shall be considered to be in a lapsed status. The lapsed status shall have the same effect as if the Con trac t had been terminated on the date premiums were due until such time the Employer remits all premiums, DWRF Assessment, Administrative Assessment fines, interest, and the penalties due and payable to the Admin istrator. This is i n accordance with Chapter 4123 of the Code, Chapter 4123 of the Administrative Code and the Bureau policies in effect o n the date the lapsed status occurs. Further, Employer’s failure to submit premiums immediately when due are grounds fo r Administrator to cancel this Contract.
Sample 1

Related to Employer Fails to Submit Premiums Immediately When Due

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