RESPONSIBILITIES OF THE STATE. A. State is responsible for timely providing all information that State and Contractor mutually agree is necessary for Contractor to perform the Administrative Services under this Agreement. B. State is responsible for timely providing updated information regarding State Plan participants and shall use commercially reasonable efforts to ensure that local participating employers provide updated information regarding their Plan participants. C. State is responsible for ensuring that the provided information is accurate and complete. Contractor is entitled to rely (as long as such reliance is reasonable) exclusively on the information provided by the State or the State’s advisors, whether oral or in writing, and will have no responsibility to independently verify the accuracy of that information. D. State acknowledges that inaccurate or late information could result in tax penalties, participant/beneficiary legal claims, or both. Contractor assumes no responsibility for, and will not have any liability for, any consequences that result from Contractor’s inability to complete its work in the ordinary course of its business to the extent such responsibility or liability is due to the failure of the State to provide accurate and timely information to Contractor.
Appears in 2 contracts
Sources: Contract for Third Party Administrative Services, Contract for Third Party Administrative Services