Post Termination Premium Balances. Within 120 days from the date the Insurance Company is notified of the Group’s Coverage termination, the Insurance Company will conduct a final accounting. The final accounting will take into account all payments, funds transfers, etc., necessary to fulfill both parties’ obligations under this Policy. If any outstanding payments, funds, transfers, etc. due to the Insurance Company or the Group total less than $25 when the Group’s Coverage terminates: (1) the amount shall be forgiven; and (2) the parties agree that any financial obligation to the other party shall end.
Appears in 5 contracts
Samples: Group Agreement, Group Agreement, Group Agreement
Post Termination Premium Balances. Within 120 days from the date the Insurance Company is notified of the Group’s Coverage termination, the Insurance Company will conduct a final accounting. The final accounting will take into account all payments, funds transfers, etc., necessary to fulfill both parties’ obligations under this Policy. If any outstanding payments, funds, transfers, etc. due to the Insurance Company or the Group total less than $25 100 when the Group’s Coverage terminates: (1) the amount shall be forgiven; and (2) the parties agree that any financial obligation to the other party shall end.
Appears in 2 contracts
Samples: Group Agreement, Group Agreement
