RECEIPT OF PREMIUM PAYMENTS. On behalf of Provident, HPS shall receive and credit all Premium payments and other payments made by Enrollees, and shall make all cash adjustments for Premium refunds and other required cash transfers with respect to such payments, in accordance with Provident's policy and procedure. Any Premium payments that are received by HPS shall be deemed to have been received by Provident, but the payment of return Premium amounts by Provident to HPS shall not be deemed payment to an insured or claimant until such payment is received by such insured or claimant. Nothing in this Section 5.2 shall limit any right of Provident against HPS resulting from HPS' failure to make payments to Provident or to any insured claimant.
RECEIPT OF PREMIUM PAYMENTS. Carrier shall be responsible for all billing and shall receive Premiums directly from covered persons and groups. With the exception of checks made payable to Carrier for initial Premium conveyed with an application, where required by Carrier, PRODUCER will not accept any funds, in any form, for the account of Carrier.
RECEIPT OF PREMIUM PAYMENTS. HPS shall receive and credit all Premium payments made by participating employers, and shall make all cash adjustments for Premium refunds and other required cash transfers with respect to such Premium payments. Any Premium payments that are received by HPS shall be deemed to have been received by Midwestern, but the payment of return Premium amounts by Midwestern to HPS shall not be deemed payment to an insured or claimant until such payment is received by such insured or claimant. Nothing in this section shall limit any right of Midwestern against HPS resulting from HPS' failure to make payments to Midwestern or to any insured claimant.
RECEIPT OF PREMIUM PAYMENTS. On behalf of SunStar, HPS shall receive --------------------------- and credit all Premium payments made by any Member, and shall make all cash adjustments for Premium refunds and enrollment adjustments, and other required cash transfers with respect to such Premium payments, in accordance with procedures reasonably required by SunStar. HPS shall forward Premium refunds to the appropriate Member. Any Premium payments that are received by HPS shall be deemed to have been received by SunStar, but the payment of return Premium amounts by SunStar to HPS shall not be deemed payment to an insured or claimant until such payment is received by such insured or claimant. Nothing in this Section 11.2 shall limit any right or remedy of SunStar against HPS resulting ------------ from HPS's failure to forward payments to SunStar or to any insured claimant, including any payment to be forwarded to a Member.
