Common use of Premium Rebates Clause in Contracts

Premium Rebates. If state or federal law requires SHP to rebate premiums from this or any earlier contract year and SHP rebates premiums to Group, Group represents that 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 ERISA.

Premium Rebates. If state or federal law requires SHP to rebate premiums from this or any earlier contract Contract year and SHP rebates premiums to the Group, the 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 ERISA.