Common use of Notification Required by Contractholder Clause in Contracts

Notification Required by Contractholder. It is the Contractholder’s responsibility to notify AvMed if he or his Covered Dependents no longer meet the eligibility requirements set forth herein. Contractholders must notify us in writing immediately if any Member ceases to meet the eligibility requirements set forth herein, but in no event later than 30 days after the date of the loss of eligibility. If we are notified within such 30-day period, we will return any unearned portion of Premium already paid. If we are notified after such 30-day period, termination of coverage will be made effective as of a current date and no Premiums will be refunded.

Notification Required by Contractholder. It is the Contractholder’s responsibility to notify AvMed if he or his Covered Dependents no longer meet the eligibility requirements set forth herein. Contractholders must notify us in writing immediately if any Member covered individual ceases to meet the eligibility requirements set forth hereinrequirements, but in no event later than 30 days after the date of the loss of eligibility. If we are notified within such 30-30 day period, we will return any unearned portion of Premium already paid. If we are notified after such 30-day period, termination of coverage will be made effective as of a current date and no Premiums will be refunded.