Opting Out of Insurance Sample Clauses

Opting Out of Insurance. A TEACHER may opt-out of District 47’s Medical plan if covered under another medical insurance plan. If a TEACHER chooses this option and is enrolled in another PPO or HMO plan, the District will deposit $500 annually running concurrent with the first payroll in January into a traditional Flexible Spending Account that can be used for qualified Medical, Dental, and Vision expenses. If a TEACHER chooses this option and is enrolled in another High Deductible Health plan with an HSA, the District will deposit $500 annually running concurrent with the first payroll in January into a Limited Flexible Spending Account, which can be used for qualified Dental and Vision expenses. Submitting proof of other medical insurance coverage is required to be eligible for the annual $500 deposit.
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Opting Out of Insurance. A TEACHER may opt-out of District 47’s Medical/Vision plans if covered under another insurance plan. If a TEACHER chooses this option and is enrolled in another PPO or HMO plan, the District will deposit $250 bi-annually with the first deposit of $250 running concurrent with the first payroll in January and, if the TEACHER is continuing employment for the next school year, the second and final deposit of $250 will run concurrent with the first payroll date in July into a traditional Flexible Spending Account that can be used for qualified Medical, Dental, and Vision expenses. If a TEACHER chooses this option and is enrolled in another High Deductible Health plan with an HSA, the District will deposit $250 bi-annually with the first deposit of $250 running concurrent with the first payroll in January and, if the TEACHER is continuing employment for the next school year, the second and final deposit of $250 will run concurrent with the first payroll date in July into a Limited Flexible Spending Account, which can be used for qualified Dental and Vision expenses.
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Related to Opting Out of Insurance

  • Cost of Insurance The cost of all insurance required herein to be secured and maintained by Engineer shall be borne solely by Engineer, with certificates of insurance evidencing such minimum coverage in force to be filed with County. Such Certificates of Insurance are evidenced as Exhibit F herein entitled “Certificates of Insurance.”

  • MAINTENANCE OF INSURANCE COVERAGE Each party agrees to maintain throughout the term of this Agreement professional liability insurance coverage of the type and amount reasonably customary in its industry. Upon request, a party shall furnish the other party with pertinent information concerning the professional liability insurance coverage that it maintains. Such information shall include the identity of the insurance carrier(s), coverage levels, and deductible amounts.

  • Period of Insurance Period of insurance means the period shown as such on the e-certificate and validation card, which time is taken as Greenwich Mean Time unless otherwise stated.

  • Amount of Insurance Coverage shall be provided with a limit of not less than $1,000,000.

  • Effect of Insurance Acceptance of the insurance required by this Agreement shall not relieve CONTRACTOR from liability under this provision. This provision shall apply to all claims for damages related to CONTRACTOR’s performance hereunder, regardless of whether any insurance is applicable or not. The insurance policy limits set forth herein shall not act as a limitation upon the amount of indemnification or defense to be provided hereunder.

  • Evidence of Insurance Cover All insurances obtained by the Concessionaire in accordance with this Article 32 shall be maintained with insurers on terms consistent with Good Industry Practice. Within 15 (fifteen) days of obtaining any insurance cover, the Concessionaire shall furnish to the Authority, notarised true copies of the certificate(s) of insurance, copies of insurance policies and premia payment receipts in respect of such insurance, and no such insurance shall be cancelled, modified, or allowed to expire or lapse until the expiration of at least 45 (forty five) days after notice of such proposed cancellation, modification or non-renewal has been delivered by the Concessionaire to the Authority.

  • Certificate of Insurance Contractor must provide a Certificate of Insurance form to the City of Sparks to evidence the insurance policies and coverage required of Contractor.

  • Required Insurance Coverages The Contractor also agrees to purchase insurance and have the authorized agent state on the insurance certificate that the Contractor has purchased the following types of insurance coverages, consistent with the policies and requirements of O.C.G.A. §50-21-37. The minimum required coverages and liability limits are as follows:

  • Evidence of Insurance Receipt by the Administrative Agent of copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability and casualty insurance meeting the requirements set forth in the Loan Documents, including, but not limited to, naming the Administrative Agent as additional insured (in the case of liability insurance) or loss payee (in the case of hazard insurance) on behalf of the Lenders.

  • Contractor’s Commercial General Liability Insurance Contractor shall purchase and maintain such insurance as will protect him from claims for damages because of bodily injury, sickness, or disease, or death of any person including claims insured by standard personal injury liability, and from claims for injury to or destruction of tangible property, including loss of use resulting there from, any or all of which may arise out of or result from Contractor’s operations under the Contract Documents, whether such operations be by himself or anyone directly or indirectly employed by him or for whose acts they may be legally liable. This insurance shall include the types and specific coverages herein described and be written for not less than any limits of liability specified in these Documents or required by law, whichever is greater. Insurance must include coverage for independent contractors, products/completed operations, contractual liability, broad form property damage, and personal injury.

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