Common use of Premium Rebates Clause in Contracts

Premium Rebates. If state or federal law requires the Health Plan to rebate Premium from this or any earlier contract year and the Health Plan rebates Premium to the Group, those responsible to represent that the Group will use that rebate for the benefit of Members, in a manner consistent with the requirements of the Public Health Service Act, the Affordable Care Act, and the obligations of a fiduciary under the Employee Retirement Income Security Act (ERISA).

Appears in 3 contracts

Samples: Your Group Agreement, Your Group Agreement, hr.caltech.edu

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Premium Rebates. If state or federal law requires the Health Plan to rebate Premium premiums from this or any earlier contract year and the Health Plan rebates Premium premiums to the Group, those responsible to represent Group represents that the Group will use that rebate for the benefit of Members, in a manner consistent with the requirements of the Public Health Service Act, the Affordable Care Act, and the obligations of a fiduciary under the Employee Retirement Income Security Act (ERISA)applicable state or federal law.

Appears in 2 contracts

Samples: Service Agreement, Group Agreement

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Premium Rebates. If state or federal law requires the Health Plan to rebate Premium from this or any earlier contract year Contract Year and the Health Plan rebates Premium to the Group, those responsible to represent that the Group will use that rebate for the benefit of Members, in a manner consistent with the requirements of the Public Health Service Act, the Affordable Care Act, Act and the obligations of a fiduciary under the Employee Retirement Income Security Act (ERISA).

Appears in 1 contract

Samples: Group Agreement

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