Premium Refunds. If one or more of the premiums paid include charges for an Employee [and or Dependent] whose coverage has ended before the due date of that premium, any refund of premium will depend on whether the Employee contributed toward the premium payment or whether it was paid in full by the Contractholder. If the Employee contributed toward the premium payment, [Carrier] will not refund the premium and coverage will continue in force through the end of the period for which premium has been contributed by the Employee. If the premium was paid in full by the Contractholder, any refund of premium will depend on whether claims were incurred during the period of no more than two months for which refund is requested. If no claims have been incurred [Carrier] will refund premiums paid for a maximum of two months prior to the date [Carrier] receives written notice from the Contractholder that the Employee’s [and or Dependent’s] coverage has ended. If claims have been incurred during the period prior to [Carrier’s] receipt of written notice that the Employee [and Dependent’s] coverage has ended, [Carrier] shall not be required to refund premium to the Contractholder. PAYMENT OF PREMIUMS - GRACE PERIOD Premiums are to be paid by the Contractholder to [Us] [[XYZ] for remittance to [Us]]. [Note to carriers: Use the XYZ variable text for SHOP policies where premium must be paid to the SHOP-designated entity. Include the appropriate name at the XYZ variable.] Each may be paid at [Our] [XYZ’s] office [or to one of our authorized agents.] A premium payment is due on each premium due date stated on the first page of this Contract. The Contractholder may pay each premium other than the first within 31 days of the premium due date without being charged interest. Those days are known as the grace period. [The Contractholder is liable to pay premiums for the time this Contract is in force.] [Note to carriers: include the previous sentence regarding liability for premiums for contracts issued outside the SHOP] [If the premium is not paid by the end of the grace period the Contract will terminate as of the paid-to-date.] [Note to carriers: include the previous sentence regarding termination as of the paid-to-date for contracts issued inside the SHOP] [REINSTATEMENT If the premium has not been paid before the end of the grace period, this Contract automatically terminates as of the last day of the grace period. The Contractholder may make written request to Us that the Contract be reinst...
Premium Refunds. If one or more of the premiums paid include charges for an Employee [and or Dependent] whose coverage has ended before the due date of that premium, any refund of premium will depend on whether the Employee contributed toward the premium payment or whether it was paid in full by the Contractholder.
Premium Refunds. Requests for premium refunds will only be considered in the case of non-departure or early return, subject to the following conditions: Non-departure:
Premium Refunds. Upon termination of this policy, YOU may be entitled to a premium refund. If so, WE will mail it to the address shown on the Declarations page, but a refund or offer of refund is not a condition of policy termination. All premium refunds, except policy and expense fees, will be computed on a pro-rata basis. Policy and expense fees are fully earned at policy inception and non-refundable.
Premium Refunds. The Insurer must not refund any premiums paid (whether in full or in part) except in accordance with Schedule 5.
Premium Refunds. Any refunds received for employee health, hospitalization, disability, life, dental or any other employee insurance premium, whether paid for by the Board or employee, shall revert to the Board to pay future premiums or premium increases.
Premium Refunds. When submitting your refund request, please include:
Premium Refunds. If one or more of the premiums paid include charges for an Employee [and or Dependent] whose coverage has ended before the due date of that premium, any refund of premium will depend on whether the Employee contributed toward the premium payment or whether it was paid in full by the Contractholder. If the Employee contributed toward the premium payment, [Carrier] will not refund the premium and coverage will continue in force through the end of the period for which premium has been contributed by the Employee. If the premium was paid in full by the Contractholder, any refund of premium will depend on whether claims were incurred during the period of no more than two months for which refund is requested. If no claims have been incurred [Carrier] will refund premiums paid for a maximum of two months prior to the date [Carrier] receives written notice from the Contractholder that the Employee’s [and or Dependent’s] coverage has ended. If claims have been incurred during the period prior to [Carrier’s] receipt of written notice that the Employee [and Dependent’s] coverage has ended, [Carrier] shall not be required to refund premium to the Contractholder. PAYMENT OF PREMIUMS - GRACE PERIOD
Premium Refunds. In the event of any refund by insurance companies paid on teacher related policies, such refund shall either be returned and paid to the teacher who paid the premiums on a pro rata basis, or be applied to adjusted future premium payments in such insurance plan.
Premium Refunds. A refund of premiums cannot be issued until AIA Health have received confirmation from the bank that the funds have been honoured. This can take up to 21 days, although usually completed within 7 days. All premium refunds issued within 60 days of joining AIA Health will only be refunded into the account from which the payment was direct debited.
