Policy on Insurance Coverage Rules and Regulations Sample Clauses

The "Policy on Insurance Coverage: Rules and Regulations" clause establishes the requirements and standards that parties must follow regarding insurance policies within the context of an agreement. It typically outlines the types and minimum amounts of insurance coverage required, such as general liability or property insurance, and may specify documentation or proof that must be provided to demonstrate compliance. By setting clear expectations for insurance coverage, this clause helps allocate risk between parties and ensures that adequate protection is in place in the event of loss or damage.
Policy on Insurance Coverage Rules and Regulations. 1. Employees who elect to use Direct 10 will contribute at Tier 4, Chapter 78 rates, or 1.5% of the employees’ pensionable salary, whichever is greater, for the duration of this Agreement. Employees shall continue to contribute health insurance premiums at Chapter 78’s Tier 4 rates, or 1.5% of the employees’ pensionable salary, whichever is greater, after the expiration of this Agreement, unless the law has changed mandating otherwise or the parties negotiate and agree to a different employee contribution rate/amount. At no time will any employee be required to make contractually mandated health insurance contributions in addition to statutorily required contributions. 2. All new hires prior to July 1, 2020, who ultimately enroll in District-offered health insurance upon being hired must remain in the Omnia plan for a minimum of one calendar year, or opt into the New Jersey Educator’s Plan during the statutorily required enrollment period for the remainder of the one calendar year requirement. Upon completion of the one calendar year requirement, the employee may opt to enroll in any district-offered health insurance plan.
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Policy on Insurance Coverage Rules and Regulations. 1. Employees who elect to use Direct 10 will contribute at Tier 4, Chapter 78 rates, or 1.5% of the employees’ pensionable salary, whichever is greater, for the duration of this Agreement. Employees shall continue to contribute health insurance premiums at Chapter 78’s Tier 4 rates, or 1.5% of the employees’ pensionable salary, whichever is greater, after the expiration of this Agreement, unless the law has changed mandating otherwise or the parties negotiate and agree to a different employee contribution rate/amount. At no time will any employee be required to make contractually mandated health insurance contributions in addition to statutorily required contributions. 2. All new hires eligible for health care, and who ultimately enroll in district-offered health insurance upon being hired, must enroll in the Omnia plan and remain in the Omnia plan for a minimum of 1 calendar year. Any new employee who does not enroll in district- offered health care upon being hired shall enroll in the Omnia Plan, for a period of at least 1 year, if and / or when they choose to avail themselves to the district-offered health insurance, up to the time in which they obtain tenure. On the one (1) year anniversary of participation in Omnia, non-tenured employees will be permitted to either remain in Omnia or enroll in another district-offered plan. Thereafter, the employee is eligible to participate in any open-enrollment periods to make changes to their insurance coverage. Employees who elect to use the Omnia Plan will contribute at Tier 2, Chapter 78 rates, or 1.5% of the employees’ pensionable salary, whichever is greater, for the duration of this agreement. Employees shall continue to contribute health insurance premiums at Chapter 78’s tier 2 rates, or 1.5% of the employees’ pensionable salary, whichever is greater, after the expiration of this Agreement, unless the law has changed mandating otherwise or the parties negotiate and agree to a different employee contribution rate/amount. At no time will any employee be required to make contractually mandated health insurance contributions in addition to statutorily required contributions.
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Policy on Insurance Coverage Rules and Regulations. The annual premiums for health and prescription coverage will be based on four categories: single, husband/wife (legally united by marriage certificate or certified civil union), parent/child (single parent with child(ren)) and family.
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Policy on Insurance Coverage Rules and Regulations 
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