Delay in Coverage Effective Date Clause Samples

The "Delay in Coverage Effective Date" clause defines the circumstances under which the start date of an insurance policy’s coverage may be postponed. Typically, this clause applies if certain conditions are not met at the time the policy is set to begin, such as the insured not being actively at work or failing to complete required documentation. For example, if an employee is absent due to illness on the scheduled effective date, coverage might not commence until they return to work. The core function of this clause is to ensure that coverage only begins when eligibility requirements are satisfied, thereby preventing unintended or retroactive coverage and clarifying the insurer’s obligations.
Delay in Coverage Effective Date 
View SourceView Similar (180)

Related to Delay in Coverage Effective Date

  • Notice; Effective Date of Termination (a) Termination of Executive’s employment pursuant to this Agreement shall be effective on the earliest of: (i) immediately after the Company gives notice to Executive of Executive’s termination, with or without Cause, unless pursuant to Section 6.3(b)(i), if curable, or Section 6.3(b)(vi), in which case ten (10) days after notice if not cured or unless the Company specifies a later date, in which case, termination shall be effective as of such later date; (ii) immediately upon the Executive’s death; (iii) ten (10) days after the Company gives notice to Executive of Executive’s termination on account of Executive’s Disability, unless the Company specifies a later date, in which case, termination shall be effective as of such later date, provided that Executive has not returned to the full-time performance of Executive’s duties prior to such date; (iv) ten (10) days after the Executive gives written notice to the Company of Executive’s resignation, provided that the Company may set a termination date at any time between the date of notice and the date of resignation, in which case the Executive’s resignation shall be effective as of such other date. Executive will receive compensation through any required notice period; or (v) for a termination for Good Reason, immediately upon Executive’s full satisfaction of the requirements of Section 6.1(f). (b) In the event of a termination for Cause, written confirmation shall specify the subsection(s) of the definition of Cause relied on to support the decision to terminate.