Common use of Cash in Lieu of Insurance Clause in Contracts

Cash in Lieu of Insurance. Administrators that do not participate in the health insurance coverage, will be given a cash in lieu of insurance compensation of at least $310 for singles, $335 for Doubles, and $400 for family, each month, in addition to SET-SEG Vision and Dental and UNUM LTD coverage. The Board reserves the right to change the insurance carrier on any given year.

Cash in Lieu of Insurance. Administrators that do not participate in the health insurance coverage, will be given a cash in lieu of insurance compensation of at least $310 for singles, $335 for Doubles, and $400 for family, each month, 300.00 a month in addition to SET-SEG Vision and Dental and UNUM LTD coverage. The Board reserves the right to change the insurance carrier on any given year.