Common use of Collection and Remittance Clause in Contracts

Collection and Remittance. The State agrees to perform collection and aggregation of monthly premiums with respect to Contractor’s QHPs and will remit said premiums to Contractor as specified more fully in the Electronic Trading Partner Agreement between the parties. The State shall be responsible for promptly researching and correcting potential billing errors identified by Contractor. Contractor shall not be liable for terminating coverage for non-payment consistent with State instructions when the State has provided incorrect billing or payment information to Contractor.