PREMIUM RATE CHANGES. The insurer retains the right to change the premium at the time of each renewal date. This right will be exercised on a “class” basis only on the renewal date of each respective policy.
PREMIUM RATE CHANGES. There may be a rate increase when approved by the District of Columbia Department of Insurance, Securities and Banking, as provided by law. CareFirst BlueChoice will not increase the Subscriber’s Premium more frequently than once every Calendar Year. CareFirst BlueChoice will provide notice of the change to Premiums by giving the Subscriber at least forty-five (45) days prior written notice. Any change in Premium rates, including changes in a Member’s Premium rate due to a change in a Member’s age, will be effective on January 1st of each year this Agreement renews. CareFirst BlueChoice may increase the Subscriber’s Premium more frequently than once every twelve (12) months if the increase is due solely to the enrollment of a new Dependent.
PREMIUM RATE CHANGES. There may be a rate increase when approved by the District of Columbia Department of Insurance, Securities and Banking, as provided by law. CareFirst will not increase the Subscriber’s Premium more frequently than once every Calendar Year. CareFirst will provide notice of the change to Premiums by giving the Subscriber at least forty-five (45) days prior written notice. Any change in Premium rates, including changes in a Member’s Premium rate due to a change in a Member’s age, will be effective on January 1st of each year this Agreement renews. CareFirst may increase the Subscriber’s Premium more frequently than once every twelve (12) months if the increase is due solely to the enrollment of a new Dependent.
PREMIUM RATE CHANGES. During the contract term, the District shall notify the Faculty Senate in writing as soon as any proposed premium rate change is received, but in any event no later than the November 1 prior to the proposed date of implementation of the premium rate change. Should the District deem the rate of increase to be significant, the District shall direct its broker to explore coverage, premium, and carrier alternatives, and to share the information resulting from such exploration with the District and the Faculty Senate as soon as practicable. The District and Faculty Senate shall then work cooperatively to evaluate the possible merits of the various alternatives.
PREMIUM RATE CHANGES. There may be a rate increase when approved by the Maryland Insurance Administration, as provided by law. CareFirst BlueChoice will not increase the Group’s Premium rate during the 12-month period beginning on the effective date of this Group Contract. CareFirst BlueChoice may increase the Group’s Premium more frequently if the increase is due solely to the enrollment of new Members. CareFirst BlueChoice will provide notice of the change to Premium rates by giving the Group at least forty-five (45) days prior written notice. CareFirst BlueChoice will also prominently post notice of the Premium change and justification for such on the CareFirst BlueChoice website.
PREMIUM RATE CHANGES. There may be a Premium rate change when approved by the Maryland Insurance Administration, as provided by law. CareFirst BlueChoice will not increase the Member’s Premium rate more frequently than once every Calendar Year. CareFirst BlueChoice will provide notice of an approved Premium rate change by giving the Subscriber or Application Filer at least forty-five (45) days prior written notice. Any change in Premium rates, including changes in a Member’s Premium rate due to a change in a Member’s age, will be effective on January 1st of each year this Agreement renews. Any Premium rate increase justification will be submitted by CareFirst BlueChoice to the Exchange prior to the date of implementation of the increase in accordance with the standards stated 45 CFR §155.1020, as amended. CareFirst BlueChoice will also post notice of the Premium increase and justification for such on the CareFirst BlueChoice website, xxx.xxxxxxxxx.xxx. SAMPLE CareFirst BlueChoice may change the Premium during a Calendar Year if the change is due solely to the enrollment or termination of a Dependent.
PREMIUM RATE CHANGES. There may be a Premium rate change when approved by the Maryland Insurance Administration, as provided by law. CareFirst BlueChoice will not increase the Member’s Premium rate more frequently than once every Calendar Year. CareFirst BlueChoice will provide notice of an approved Premium rate change by giving the Subscriber or Application Filer at least forty-five (45) days prior written notice. Any change in Premium rates, including changes in a Member’s Premium rate due to a change in a Member’s age, will be effective on January 1st of each year this Agreement renews. CareFirst BlueChoice may change the Premium during a Calendar Year if the change is due solely to the enrollment or termination of a Dependent.
PREMIUM RATE CHANGES. Initial Contract Period: The Premium Rate Schedule set forth on page one of this Group Enrollment Agreement will be valid only for the Initial Contract Period. Premium Rates for the Initial Contract Period will not be changed by Us unless a change required by statute or regulation increases Our cost risk under the Agreement. If such a statutory or regulatory change occurs, We may change the Premium Rate Schedule at any time with a 23[45-day] prior written notice to Group. Subsequent Contract Period: At any time, with a 24[45-day] prior written notice, We may change the Premium Rate Schedule for any Subsequent Contract Period as follows: • Upon the renewal of the Agreement; or • When a change required by statute or regulation that increases Our risk under the Agreement. • The Group has made a misrepresentation or omission in the application for coverage or has failed to follow the policies and procedures established by Us in administering and interpreting the Agreement and the misrepresentation, omission or failure changes Our Risk under the Agreement.
PREMIUM RATE CHANGES. There may be a rate increase when approved by the District of Columbia Department of Insurance, Securities and Banking, as provided by law. CareFirst BlueChoice will not increase the Subscriber’s Premium more frequently than once every Calendar Year. CareFirst BlueChoice will provide notice of the change to Premiums by giving the Subscriber at least sixty (60) days prior written notice. The Premium rate increase will be effective on January 1st of each year this Agreement renews. Any Premium rate increase justification will be submitted by CareFirst BlueChoice to the Exchange prior to the date of implementation of the increase in accordance with the standards stated 45 CFR §155.1020, as amended. CareFirst BlueChoice will also post notice of the Premium increase and justification for such on the CareFirst BlueChoice website, xxx.xxxxxxxxx.xxx. CareFirst BlueChoice may increase the Subscriber’s Premium more frequently than once every twelve (12) months if the increase is due solely to the enrollment of a new Dependent.
PREMIUM RATE CHANGES. Initial Contract Period: The Premium Rate Schedule set forth on page one of this Group Enrollment Agreement will be valid only for the Initial Contract Period. Premium Rates for the Initial Contract Period will not be changed by Us unless a change required by statute or regulation increases Our cost risk under the Agreement. If such a statutory or regulatory change occurs, We may change the Premium Rate Schedule at any time with a 45-day prior written notice to Group. Subsequent Contract Period: At any time, with a 45-day prior written notice, We may change the Premium Rate Schedule for any Subsequent Contract Period as follows:
