LONG-TERM POLICY. If this policy is written for a period of longer than one year, all the provisions of this agreement shall apply separately to each consecutive twelve-month period, or if the first or last period is less than twelve months, in the same manner as if a separate agreement had been written for each consecutive period. Until the coverage terminates, the Member's deposit premium will be transferred to each consecutive coverage period to act as a deposit in the same manner as if a separate agreement had been written.
Appears in 12 contracts
Samples: Workers' Compensation and Employers' Liability Coverage, Workers' Compensation and Employers' Liability Coverage, Workers' Compensation and Employers' Liability Coverage
