Common use of Premium Calculation Clause in Contracts

Premium Calculation. The monthly premium shall be calculated by multiplying the number of Enrollees in each premium class by the rates then in effect. A full Contract Month's premium shall be charged for Enrollees whose Enrollment Date falls on or before the 15th of that Contract Month. No premium shall be charged for Enrollees whose Enrollment Date falls after the 15th of that Contract Month.

Appears in 2 contracts

Sources: Master Group Contract, Master Group Contract

Premium Calculation. The monthly premium shall be calculated by multiplying the number of Enrollees in each premium Premium class by the rates then in effect. A full Contract Month's premium shall be charged for Enrollees whose Enrollment Date falls on or before the 15th of that Contract Month. No premium shall be charged for Enrollees whose Enrollment Date falls after the 15th of that Contract Month.

Appears in 1 contract

Sources: Master Group Contract