Rate Letter. The term ‘Rate Letter’ refers to a compilation of documents which constitute AvMed's formal notice to the Subscribing Group of: (i) the Premium rates applicable to the Subscribing Group, (ii) the conditions under which the rates are valid, (iii) the Premium payment terms and due dates, and (iv) the additional charge which will apply to all late Premium payments. AvMed reserves the right to adjust (re-rate) the Premium rates to account for material changes in group size or in the data supplied by the Subscribing Group to AvMed.
Appears in 29 contracts
Sources: Medical and Hospital Service Contract, Medical and Hospital Service Contract With Point of Service Rider, Medical and Hospital Service Contract
Rate Letter. The term ‘Rate Letter’ refers to a compilation of documents which constitute AvMed's formal notice to the Subscribing Group of: (i) the Premium rates applicable to the Subscribing Group, (ii) the conditions under which the rates are valid, (iii) the Premium payment terms and due dates, and (iv) the additional charge which will apply to all late Premium payments. AvMed reserves the right to adjust (re-re- rate) the Premium rates to account for material changes in group size or in the data supplied by the Subscribing Group to AvMed.
Appears in 7 contracts
Sources: Medical and Hospital Service Contract, Medical and Hospital Service Contract, Large Group Choice Plan Medical and Hospital Service Contract