Group insurance package Clause Samples

The 'Group insurance package' clause defines the provision of insurance coverage to a group of individuals, typically employees of a company, under a single master policy. This clause outlines the terms under which the group is insured, including eligibility requirements, coverage limits, and the process for enrolling or removing members. By consolidating coverage, it streamlines administration and often results in lower premiums compared to individual policies, while ensuring that all eligible group members receive consistent insurance protection.
Group insurance package. IAL will provide details of a group insurance package provided by an independent insurance broker which is available to all Participants with Exhibition Space and provides standard coverage with an optional extension for Terrorism coverage i. The fees and limits of this insurance package are set out in the Contract and are dependent on the size of the Booth. ii. This insurance package provides cover for the Participant and all Booth Partners but not for any Exhibitor Appointed Contractor(s). iii. The insurance administration fee will be included on the invoice for Exhibition Space iv. A credit can be given if a Participant has their own insurance cover and can provide satisfactory evidence of this to the Show Management’s insurance administrator, who will then issue an exemption certificate. v. Insurance administration fees must be paid, or an exemption certificate provided at least two (2) weeks before the Exhibition commencement date.
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Group insurance package. A. The Board will underwrite 75% of the following basic insurance program: 1. Life Insurance a. Additional life insurance may be purchased through a Board carrier at 100% cost to the employee. 2. Major Medical Insurance
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Related to Group insurance package

  • Group Insurance All employees covered by this Agreement shall receive the same group insurance benefits as provided to other County employees in accordance with the County Benefit Program.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (▇▇▇▇▇▇‐Milias‐▇▇▇▇▇ Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.