Common use of Termination for Failure to Maintain Valid State Licensure Clause in Contracts

Termination for Failure to Maintain Valid State Licensure. SHOP Agent/Broker acknowledges and agrees that valid state licensure in each state in which SHOP Agent/Broker assists Consumers, Applicants, Employers, Employees, Qualified Employers, Qualified Employees, or Enrollees in applying for or obtaining coverage in a QHP through an FF-SHOP or SBE-FP SHOP is a precondition to the SHOP Agent/Broker’s authority under this Agreement. Accordingly, CMS may immediately terminate this Agreement upon thirty (30) Days’ prior written notice if SHOP Agent/Broker fails to maintain valid licensure in at least one FF-SHOP or SBE-FP SHOP state and in each state that SHOP Agent/Broker facilitates enrollment in a QHP through an FF-SHOP or SBE-FP SHOP. Any such termination shall be governed by the termination and reconsideration standards adopted by the FF-SHOP under 45 CFR 155.220(g).

Termination for Failure to Maintain Valid State Licensure. SHOP Agent/Broker Xxxxxx acknowledges and agrees that valid state licensure in each state in which SHOP Agent/Broker assists Consumers, Applicants, Employers, Employees, Qualified Employers, Qualified Employees, or Enrollees in applying for or obtaining coverage in under a QHP qualified health plan through an FF-SHOP or SBE-FP SHOP is a precondition to the SHOP Agent/BrokerXxxxxx’s authority under this Agreement. Accordingly, CMS may immediately terminate this Agreement upon thirty (30) Days’ prior written notice if SHOP Agent/Broker fails to maintain valid licensure in at least one FF-SHOP or SBE-FP SHOP state and in each state that SHOP Agent/Broker facilitates enrollment in a QHP through an FF-SHOP or SBE-FP SHOP. Any such termination shall be governed by the termination and reconsideration standards adopted by the FF-SHOP under 45 CFR 155.220(g).