Common use of Guaranty Association Clause in Contracts

Guaranty Association. This is a fully assessable benefit plan. In the event that the multiple employer self-insured health plan is unable to pay its obligations, participating employers shall be required to contribute on a joint and several basis the funds necessary to meet any unpaid obligations. Certain other major protections offered to Ohio residents under the Ohio Insurance Code and Rules and Regulations, such as conversion rights and certain mandated or required benefits, may not be available through the multiple employer self-insured plan. The applicant requests participation for its employees in the Trust. Billing & Collections Guidelines Although the contract period is one year, payment of Health Care Fees will be required monthly. The following guidelines will be used for the Billing and Collection of the Health Care Fee:

Appears in 4 contracts

Samples: Health Plan Participation Contract, Health Plan Participation Contract, Health Plan Participation Contract

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