
15 0 TERMINATION of COVERAGE SubscriberMember Philander Form
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People also ask
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What is termination in insurance terms?
In the insurance industry, the term “termination” can refer to a few different things. First, there are policy terminations. These occur when an insurance policy runs its course and the insured or the carrier decides not to renew the contract.
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What does termination of coverage mean?
Termination Date of Coverage means in respect of each Life Insured, the date on which the Coverage of the Life Insured ceases under the Policy for reasons mentioned in the Section on Termination of Coverage in this Policy.
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What is described as the termination of a plan of insurance?
Discontinuance. Discontinuance. Described as the termination of a plan of insurance between the insurer and the entire group of employees.
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How do I cancel my pshcp?
If you wish to terminate your coverage under the PSHCP, you must submit a written request to the designated officer of your personnel or pension office. You may also use your Compensation Web Applications to cancel your PSHCP coverage, if this service is available to you.
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What does terminate coverage mean?
Answer: Cancellation occurs during the active life of the policy (i.e., cancellation for non-payment of the premium). Termination occurs when a policy runs its course and is not renewed.
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What does terminate the plan mean?
Terminate the Plan . , “Termination of the Plan” shall mean a determination by an Employer's board of directors that (i) all of its Participants shall no longer be eligible to participate in the Plan, (ii) all deferral elections for such Participants shall terminate, and (iii) such Participants shall no longer be ...
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