Common use of Pro Rata State Allocation of Penalty Clause in Contracts

Pro Rata State Allocation of Penalty. The Pro Rata State Allocation of Penalty for Failure to Perform will be calculated in the same manner as the Pro Rata State Allocation of Monetary Penalty. That calculation is set forth in Attachment B to the Agreement. This means that each Signatory Regulator will receive the same percentage of any imposed Penalty for Failure to Perform that it received of the Monetary Penalty. PROPOSED ATTACHMENT F XXXXXX NOTICE TO BE MAILED TO INSUREDS BY COMPANY Date Name Address Policy/Certificate Number(s) Dear Named Insured: Thank you for choosing The MEGA Life and Health Insurance Company (MEGA) for your medical insurance needs. Have you ever had questions about your policy? Questions such as “Am I covered for doctor visits?”, “Do I have coverage for emergency care?”, “Am I covered for hospital stays?” or “What is my deductible?” We have a new service that will help you better understand and get the most out of your coverage with MEGA. We would like to answer any questions you may have regarding your coverage or, at your request, explain your current coverage. We can also provide you with a copy of your policy/certificate at your request. A special customer service representative is ready to assist you from 8 a.m. to 5 p.m., Monday through Friday at (000) 000-0000. You may also contact us by sending an email via xxx.xxxxxxxxxxxxx.xxx. If you believe you have additional coverage needs or if you believe your coverage needs have changed, we will be happy to explain the variety of coverages MEGA has to offer in your state. You will not be referred to or contacted by an insurance agent unless you specifically request to have one contact you. You are also encouraged to visit our website, xxx.xxxxxxxxxxxxx.xxx, for further information about MEGA and our products and services. We appreciate your business and welcome the continued opportunity to assist you with your medical insurance needs.

Pro Rata State Allocation of Penalty. The Pro Rata State Allocation of Penalty for Failure to Perform will be calculated in the same manner as the Pro Rata State Allocation of Monetary Penalty. That calculation is set forth in Attachment B to the Agreement. This means that each Signatory Regulator will receive the same percentage of any imposed Penalty for Failure to Perform that it received of the Monetary Penalty. IN THE MATTER OF THE MARKET CONDUCT EXAMINATION OF THE MEGA LIFE AND HEALTH INSURANCE COMPANY, MID-WEST NATIONAL LIFE INSURANCE COMPANY OF TENNESSEE, AND THE CHESAPEAKE LIFE INSURANCE COMPANY REGULATORY SETTLEMENT AGREEMENT PROPOSED ATTACHMENT F XXXXXX NOTICE TO BE MAILED TO INSUREDS BY COMPANY Date Name Address Policy/Certificate Number(s) Dear Named Insured: Thank you for choosing The MEGA Life and Health Insurance Company (MEGA) for your medical insurance needs. Have you ever had questions about your policy? Questions such as “Am I covered for doctor visits?”, “Do I have coverage for emergency care?”, “Am I covered for hospital stays?” or “What is my deductible?” We have a new service that will help you better understand and get the most out of your coverage with MEGA. We would like to answer any questions you may have regarding your coverage or, at your request, explain your current coverage. We can also provide you with a copy of your policy/certificate at your request. A special customer service representative is ready to assist you from 8 a.m. to 5 p.m., Monday through Friday at (000) 000-0000. You may also contact us by sending an email via xxx.xxxxxxxxxxxxx.xxx. If you believe you have additional coverage needs or if you believe your coverage needs have changed, we will be happy to explain the variety of coverages MEGA has to offer in your state. You will not be referred to or contacted by an insurance agent unless you specifically request to have one contact you. You are also encouraged to visit our website, xxx.xxxxxxxxxxxxx.xxx, for further information about MEGA and our products and services. We appreciate your business and welcome the continued opportunity to assist you with your medical insurance needs.. Sincerely, IN THE MATTER OF THE MARKET CONDUCT EXAMINATION OF THE MEGA LIFE AND HEALTH INSURANCE COMPANY, MID-WEST NATIONAL LIFE INSURANCE COMPANY OF TENNESSEE, AND THE CHESAPEAKE LIFE INSURANCE COMPANY REGULATORY SETTLEMENT AGREEMENT