Common use of No Reinstatement by Acceptance of Payment Clause in Contracts

No Reinstatement by Acceptance of Payment. If this Contract is terminated for any reason, SHP’s acceptance of premium after notice of the termination shall not guarantee a reinstatement of this Contract. Any reinstatement must be agreed to by both SHP and the Group. SHP shall refund any payment accepted, less any outstanding balance, to the Group upon discovery that the payment was accepted without mutual agreement to reinstate.

Appears in 4 contracts

Samples: Master Small Group Policy, Master Large Group Policy Application Addendum, Master Large Group Policy

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