Common use of Refund of Premiums Clause in Contracts

Refund of Premiums. Premiums paid to AvMed by the Subscribing Group for any Member after the date on which that Member's eligibility ceased or the Member was terminated shall be refunded on a pro rata basis, and limited to the total excess Premium amounts paid, up to a maximum of 60 days from the date of such ineligibility or termination, less any Claims incurred after the effective date of termination. Any unearned portion of prepaid Premiums will be returned to the Subscribing Group.

Refund of Premiums. Premiums paid to AvMed by the Subscribing Group for any Member after the date on which that Member's eligibility ceased ceased, or the Member was terminated terminated, shall be refunded on a pro rata basis, and limited to the total excess Premium amounts paid, up to a maximum of 60 days from the date of such ineligibility or termination, less any Claims incurred after the effective date of termination. Any unearned portion of prepaid Premiums will be returned to the Subscribing Group.