Common use of Monthly Premium Payments Clause in Contracts

Monthly Premium Payments. For the initial term of this Group Agreement, the Group shall submit to KFHPWA for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by KFHPWA upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. KFHPWA reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%. KFHPWA will establish a Rate Stabilization Reserve (RSR) for the Group that is based upon the financial performance of this Group Agreement and all other Group Agreements in effect between KFHPWA and Xxxxxx Foundation Health Plan of Washington Options, Inc. (“KFHPWAO”) and the Group. In the event that KFHPWA and KFHPWAO both issue plans that are subject to the RSR provision, the KFHPWA shall administer the RSR and the parties to this Agreement that the terms and conditions set forth in Group’s Agreement with KFHPWA regarding the RSR will control.

Monthly Premium Payments. For the initial term of this Group Agreement, the Group shall submit to KFHPWA for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by KFHPWA upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. KFHPWA reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%. KFHPWA will establish a Rate Stabilization Reserve (RSR) for the Group that is based upon the financial performance of this Group Agreement and all other Group Agreements in effect between KFHPWA and Xxxxxx Foundation Health Plan of Washington Options, Inc. (“KFHPWAO”) and the Group. In the event that KFHPWA and KFHPWAO both issue plans that are subject to the RSR provision, the KFHPWA shall administer the RSR and the parties to this Agreement agree that the terms and conditions set forth in Group’s Agreement with KFHPWA regarding the RSR will control. KFHPWAO agrees to be bound by the provisions regarding RSR set forth in this RSR provision.

Monthly Premium Payments. For the initial term of this Group Agreement, the Group shall submit to KFHPWA for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by KFHPWA upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. KFHPWA reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%. KFHPWA will establish a Rate Stabilization Reserve (RSR) for the Group that is based upon the financial performance of this Group Agreement and all other Group Agreements in effect between KFHPWA and Xxxxxx Foundation Health Plan of Washington Options, Inc. (“KFHPWAO”) and the Group. [In the event that KFHPWA and KFHPWAO both issue plans that are subject to the RSR provision, the KFHPWA shall administer the RSR and the parties to this Agreement that the terms and conditions set forth in Group’s Agreement with KFHPWA regarding the RSR will control.

Monthly Premium Payments. For the initial term of this Group Agreement, the Group shall submit to KFHPWA for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by KFHPWA upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. KFHPWA reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%. KFHPWA will establish a Rate Stabilization Reserve (RSR) for the Group that is based upon the financial performance of this Group Agreement and all other Group Agreements in effect between KFHPWA and Xxxxxx Kaiser Foundation Health Plan of Washington Options, Inc. (“KFHPWAO”) and the Group. In the event that KFHPWA and KFHPWAO both issue plans that are subject to the RSR provision, the KFHPWA shall administer the RSR and the parties to this Agreement that the terms and conditions set forth in Group’s Agreement with KFHPWA regarding the RSR will control.

Monthly Premium Payments. For the initial term of this Group Agreement, the Group shall submit to KFHPWA KFHPWAO for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by KFHPWA KFHPWAO upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. KFHPWA KFHPWAO reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%. KFHPWA KFHPWAO will establish a Rate Stabilization Reserve (RSR) for the Group that is based upon the financial performance of this Group Agreement and all other Group Agreements in effect between KFHPWA KFHPWAO and Xxxxxx Foundation Health Plan of Washington Options, Inc. (“KFHPWAOKFHPWA”) and the Group. [In the event that KFHPWAO and KFHPWA and KFHPWAO both issue plans that are subject to the RSR provision, the KFHPWA shall administer the RSR and the parties to this Agreement that the terms and conditions set forth in Group’s Agreement with KFHPWA regarding the RSR will control.

Monthly Premium Payments. For the initial term of this Group Agreement, the Group shall submit to KFHPWA KFHPWAO for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by KFHPWA KFHPWAO upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. KFHPWA KFHPWAO reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%. KFHPWA KFHPWAO will establish a Rate Stabilization Reserve (RSR) for the Group that is based upon the financial performance of this Group Agreement and all other Group Agreements in effect between KFHPWA KFHPWAO and Xxxxxx Kaiser Foundation Health Plan of Washington Options, Inc. (“KFHPWAOKFHPWA”) and the Group. In the event that KFHPWAO and KFHPWA and KFHPWAO both issue plans that are subject to the RSR provision, the KFHPWA shall administer the RSR and the parties to this Agreement that the terms and conditions set forth in Group’s Agreement with KFHPWA regarding the RSR will control.

Monthly Premium Payments. For the initial term of this Group Agreement, the Group shall submit to KFHPWA for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by KFHPWA upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. KFHPWA reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%. KFHPWA will establish a Rate Stabilization Reserve (RSR) for the Group that is based upon the financial performance of this Group Agreement and all other Group Agreements in effect between KFHPWA and Xxxxxx Foundation Health Plan of Washington Options, Inc. (“KFHPWAO”) and the Group. In the event that Group’s Group Agreement(s) with KFHPWA and KFHPWAO both issue plans that are subject to include the RSR provision, the KFHPWA shall administer the RSR and the parties to this Agreement that the terms and conditions set forth in Group’s Agreement with KFHPWA regarding the RSR will control.

Monthly Premium Payments. For the initial term of this Group Agreement, the Group shall submit to KFHPWA KFHPWAO for each Member the monthly premiums set forth in the current Premium Schedule and a verification of enrollment. Payment must be received on or before the due date and is subject to a grace period of 10 days. Premiums are subject to change by KFHPWA KFHPWAO upon 30 days written notice. Premium rates will be revised as a part of the annual renewal process. KFHPWA KFHPWAO reserves the right to re-rate this benefit package if the demographic characteristics change by more than 15%. KFHPWA KFHPWAO will establish a Rate Stabilization Reserve (RSR) for the Group that is based upon the financial performance of this Group Agreement and all other Group Agreements in effect between KFHPWA KFHPWAO and Xxxxxx Foundation Health Plan of Washington Options, Inc. (“KFHPWAOKFHPWA”) and the Group. In the event that KFHPWAO and KFHPWA and KFHPWAO both issue plans that are subject to the RSR provision, the KFHPWA shall administer the RSR and the parties to this Agreement agree that the terms and conditions set forth in Group’s Agreement with KFHPWA regarding the RSR will control. KFHPWAO agrees to be bound by the provisions regarding RSR set forth in this RSR provision.