Common use of Grace Period Clause in Contracts

Grace Period. A grace period of thirty-one (31) days from the due date will be granted for the payment of each premium. During the grace period, the Agreement will stay in force; however, no benefits will be paid for services Incurred subsequent to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the Member.

Appears in 3 contracts

Samples: Whole Health Balance Subscription Agreement, Whole Health Balance Subscription Agreement, Whole Health Balance Subscription Agreement

AutoNDA by SimpleDocs

Grace Period. A grace period of thirty-one (31) 31 days from the due date will be granted for any Payment not received by the payment of each premiumdue date. During the grace period, Your Participants’ coverage under the Agreement AHP will stay continue in force; however, no benefits force but will be paid for services Incurred subsequent to not extend beyond the termination of this Participation Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the Member.You are

Appears in 3 contracts

Samples: Association Health Plan Employer Participation Agreement, Association Health Plan Employer Participation Agreement, Association Health Plan Employer Participation Agreement

Grace Period. A This Contract has a grace period of thirty-one thirty (3130) days from days. This means that if a payment is not made on or before the due date will it is due, it may be granted for paid during the payment of each premiumgrace period. During the grace period, period the Agreement Contract will stay in force; however, no benefits will be paid for services Incurred subsequent to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the Member.

Appears in 2 contracts

Samples: Group Medicare Advantage Contract, Group Medicare Advantage Contract

Grace Period. A grace period of thirty-one (31) 30 days from the premium due date will be granted allowed for the payment of each premium. During premium after the grace periodfirst payment, the Agreement during which period this Policy will stay remain in force; however, no benefits will be paid for services Incurred subsequent to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the Member.

Appears in 2 contracts

Samples: Travel Insurance Policy, Travel Insurance Policy

Grace Period. A grace period of thirty-one (31) 31 days from the due date will shall be granted for the payment of each premium. During any Premium, during which time the grace period, the Agreement will stay in force; however, no benefits Policy shall not be terminated and Premium will be paid for services Incurred subsequent to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the Memberdue.

Appears in 2 contracts

Samples: Medical Insurance Policy, Individual Medical Insurance Policy

Grace Period. A There is a grace period of thirty-one (31) 30 days from after the due date will be granted for to pay the payment of each premium. During If premium is not paid before the end of the grace period, the Agreement will stay in force; however, no benefits will be paid for services Incurred subsequent to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to end of the Memberperiod for which premium has been received.

Appears in 2 contracts

Samples: Reinsurance Agreement (Long Island Physician Holdings Corp), Reinsurance Agreement (Long Island Physician Holdings Corp)

Grace Period. A This Contract has a grace period of thirty-one thirty (3130) days from days. This means that if a payment is not made on or before the due date will it is due, it may be granted for paid during the payment of each premiumgrace period. During the grace period, period the Agreement Contract will stay in force; however, no benefits will be paid for services Incurred subsequent force unless prior to the Agreement’s then current paid date. If appropriate date payment is not received at was due the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without Group gave timely written notification notice to the MemberPlan that the Contract is to be cancelled.

Appears in 2 contracts

Samples: Group Medicare Advantage Contract, Group Medicare Advantage Contract

Grace Period. A grace period of thirty-one (31) days from the due date will be granted for the payment of each any premium falling due after the first premium. During , during which grace period the grace period, the Agreement will stay policy shall continue in force; however, no benefits will be paid for services Incurred subsequent to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the Member.

Appears in 1 contract

Samples: Group Accident Insurance Policy

Grace Period. A grace period Grace Period of: (a) ten days for monthly, or (b) 31 days for quarterly payment of thirty-one (31) days premiums shall be allowed from the due date will be granted for the payment of each premium. During the grace periodpremium payment, the Agreement during which Grace Period this Contract will stay continue in force; however, no benefits will be paid for services Incurred subsequent subject to its termination in accordance with the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the Memberprovisions hereof.

Appears in 1 contract

Samples: Preferred Provider Contract

Grace Period. A 31-day grace period of thirty-one (31) days from the due date will be granted for the payment of each premiumpremiums, other than premiums for the initial month, during which grace period this Contract will continue in force and the Employer will be liable to the Corporation for all premiums due and unpaid for the period this Contract continues in force. During If premiums are not received by the end of the grace period, the Agreement this Contract will stay in force; however, no benefits will be paid for services Incurred subsequent automatically terminate retroactive to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current last paid. Any claims paid after the last paid date without written notification to the Memberof coverage does not constitute a waiver of this section or extend this coverage in any way.

Appears in 1 contract

Samples: Master Group Contract

AutoNDA by SimpleDocs

Grace Period. A grace period of thirty-one (31) days from the due date will be is granted for the payment of each monthly premium payable after the first premium. During ; grace period during which the grace periodcertificate will continue to be in effect, the Agreement will stay in force; however, no benefits will be paid for services Incurred subsequent subject to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as right of the then current paid date without written notification main insured to cancellation according to the Memberclause on certificate cancellation.

Appears in 1 contract

Samples: Certificate of Benefits

Grace Period. A grace period of thirty-one (31) days from following the due date will Contribution Due Date shall be granted allowed to the Member for the payment of each premiumany contribution after the first payment. During If any contribution is not paid before the expiration of the grace period this Certificate shall automatically terminate at the expiration of the period, except that if the Participant shall have given the Takaful Operator written notice in advance of an earlier date of termination, this Certificate shall terminate as of such earlier date. The Participant shall be liable to the Takaful Operator for the Contribution for the time the Certificate was in force during the grace period, the Agreement will stay in force; however, no benefits will be paid for services Incurred subsequent to the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the Member.

Appears in 1 contract

Samples: Group Term Takaful Certificate

Grace Period. A grace period of thirty-one (31) 60 days from the due date will be granted for the payment of each premiums accruing after the first premium. During , during which grace period the grace period, the Agreement will stay policy shall continue in force; however, no benefits will but the employer shall be paid for services Incurred subsequent liable to the Agreement’s then current paid date. If appropriate insurer for the payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to premium accruing for the Memberperiod the policy continues in force.

Appears in 1 contract

Samples: Policy Reissue Agreement

Grace Period. A 3223(a)-There shall be a 31-day grace period of thirty-one (31) days from following the due date will be granted for of any required payment after the first payment within which the payment of each premiummay be made. During the such grace period, the Agreement will stay contract shall continue in full force; however. a) This provision has no application to single consideration close out contracts. b) It does apply if a payment is required to pay any fee or expense charges. c) If the contract continues in force without penalty, no benefits will be paid for services Incurred subsequent to the Agreement’s then current paid dategrace period provision is necessary. d) See liquidated damages provision below. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as of the then current paid date without written notification to the MemberIV.C.5.

Appears in 1 contract

Samples: Group Annuity Terminal Funding and Close Out Contracts

Grace Period. A grace period of There is a thirty-one (31) days from day grace period for premium payments. This means that if any required premium payment is not paid on or before the first (1st) day of the month (the due date date), it may be paid during the grace period. This Group Contract will be granted for stay in force during the grace period. If the premium payment is not received by the end of each premium. During the grace period, We will terminate the Agreement will stay in force; however, no Group Contract and the benefits will be paid for services Incurred subsequent to all enrolled Members effective at 12:00 midnight on the Agreement’s then current paid date. If appropriate payment is not received at the end of thirty-one (31) days, this Agreement automatically terminates as last day of the then current paid date without written notification to the Membergrace period.

Appears in 1 contract

Samples: Group Contract

Grace Period. A 31-day grace period of thirty-one (31) days from the due date will be granted for the payment of each premiumpremiums, other than premiums for the initial month, during which grace period this Contract will continue in force and the Employer will be liable to the Corporation for all premiums due and unpaid for the period this Contract continues in force. During If premiums are not received by the end of the grace period, the Agreement this Contract will stay in force; however, no benefits will be paid for services Incurred subsequent automatically terminate retroactive to the Agreement’s then current end of the last paid date. If appropriate payment is not received at Any claims paid after the end of thirty-one (31) days, this Agreement automatically terminates as of the then current last paid date without written notification to the Memberof coverage does not constitute a waiver of this section or extend this coverage in any way.

Appears in 1 contract

Samples: Master Group Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!