Common use of Surcharges/Assessments, etc Clause in Contracts

Surcharges/Assessments, etc. For any state that assesses a surcharge to fund the care for uninsured populations, finance the operation of risk pools or for any other purposes required by the state, the Company shall render such payments pursuant to the payment method elected or deemed elected by the Client and in accordance with that state’s requirements. With respect to such surcharges or any other form of assessment, tax or similar charge relating to the plan that the plan or the Company may be required to pay, the Company shall draw such funds from the Client’s Transfer Account. Upon termination, Client agrees to allow Company to access the Transfer Account for a period of 15 months following the last day on which the Company is responsible for claims payment, so that Company has continued access to Client’s funds in order to meet all surcharge obligations. In the event Company processes any claims following the fifteen-month post-termination period for which Client is responsible, Company shall calculate the surcharge due and send that amount, along with any requisite report, to Client for payment and submission to the state.

Surcharges/Assessments, etc. For any state that assesses a surcharge to fund the care for uninsured populations, finance the operation of risk pools or for any other purposes required by the state, the Company shall render such payments pursuant to the payment method elected or deemed elected by the Client and in accordance with that state’s requirements. With respect to such surcharges or any other form of assessment, tax or similar charge relating to the plan that the plan or the Company may be required to pay, the Company shall draw such funds from the Client’s Transfer Account. Upon termination, Client agrees to allow Company to access the Transfer Account for a period of 15 months following the last day on which the Company is responsible for claims payment, so that Company has continued access to Client’s funds in order to meet all surcharge obligations. In the event Company processes any claims following the fifteen-month post-post- termination period for which Client is responsible, Company shall calculate the surcharge due and send that amount, along with any requisite report, to Client for payment and submission to the state.