Fully Insured Benefits. The Plan of Benefits, eligibility and all other rules and regulations of the Plan including the terms and conditions of the Contributing Employer participation shall be determined, and amended from time to time, by the Trustees and currently consists of health, medical, dental, vision, short/long term disability and life insurance coverage on a fully insured basis. Unless contributions as required herein are paid to and received by the Plan, it shall have the absolute right to decline to permit participation by the Contributing Employer and deny, limit or revoke (to the extent permitted under applicable law) any coverage for benefits under its policies with carriers and decline to credit any employment for eligibility or other purposes. The Trustees shall have the right, among others, and without limitation to alter, amend, revise, terminate, merge, modify, eliminate, discontinue, condition, administer, curtail, manage and direct the Trust and/or Plan of Benefits and any type or level or coverage or eligibility. As provided in the Trust Agreement any and all benefits provided by the Plan of Benefits shall be on a fully insured basis only: the Plan of Benefits does not provide any benefits on a self-funded or self-insured basis.
Fully Insured Benefits. The Plan of Benefits, eligibility and all other rules and regulations of the Plan including the terms and conditions of the Contributing Employer participation shall be determined, and amended from time to time, by the Trustees and currently consists of health, medical, dental, vision, short/long term disability and life insurance coverage on a fully insured basis through reputable insurance carrier(s) licensed to do business in the state(s) in which the insured participant resides. Unless contributions as required herein are paid to and received by the Plan, it shall have the absolute right to decline to permit participation by the Contributing Employer and deny, limit or revoke (to the extent permitted under applicable law) any coverage for benefits under its policies with carriers and decline to credit any employment for eligibility or other purposes. The Trustees shall have the right, among others, and without limitation to alter, amend, revise, terminate, merge, modify, eliminate, discontinue, condition, administer, curtail, manage and direct the Trust and/or Plan of Benefits and any type or level or coverage or eligibility. As provided in the Trust Agreement any and all benefits provided by the Plan of Benefits shall be on a fully insured basis only: the Plan of Benefits does not provide any benefits on a self- funded or self-insured basis.
