Common use of Grace in Payment of Premiums Clause in Contracts

Grace in Payment of Premiums. An Over-Age Dependent’s premium payment is timely if, with respect to all payments other than the first payment such premium payment is made within 30 days of the date it is due. The Continued Coverage The continued coverage shall be identical to the coverage provided to the Over-Age Dependent’s parent who is covered as an Employee under the Contract [and will be evidenced by a separate [Certificate] and ID card being issued to the Over-Age Dependent.]. If coverage is modified for Dependents who are under the limiting age, the coverage for Over-Age Dependents shall also be modified in the same manner.