Common use of Term Insurance Clause in Contracts

Term Insurance. C.1.4.1 The Board will subsidize the term insurance plan to the extent of 100% of the premium cost for double salary coverage. C.1.4.2 Double salary coverage shall be a condition of employment for all teachers unless presently employed and uninsurable. C.1.4.3 Triple insurance coverage may be carried by a teacher, subject to the enrolment requirements of the insurance carrier, with the teacher paying the total difference in premium from double salary coverage to triple salary coverage.

Term Insurance. C.1.4.1 The Board will subsidize the term insurance plan to the extent of 100% of the premium cost for double salary coverage. C.1.4.2 C.1.4.1 Double salary coverage shall be a condition of employment for all teachers unless presently employed and uninsurableteachers. C.1.4.3 C.1.4.2 Triple insurance coverage may be carried by a teacher, subject to the enrolment requirements of the insurance carrier, with the teacher paying the total difference in premium from double salary coverage to triple salary coverage. C.1.4.3 Any dividend earned under the insurance plan shall be payable to the teacher and Board on the same basis as that on which the premium is shared through premium payments forgiven.