Common use of Termination by ▇▇▇▇▇▇▇▇ Clause in Contracts

Termination by ▇▇▇▇▇▇▇▇. Wellmark may only nonrenew or discontinue this Agreement for one or more of the following reasons: a. Account fails to make payment on time and in full of fees and premiums as required under this Agreement; b. Account's fraud or intentional misrepresentation of a material fact under this Agreement, including the situation in which Account made a material representation to Wellmark in connection with the issuance of this Agreement and such representation is no longer accurate or correct; c. Account's noncompliance with Wellmark’s minimum participation requirements; d. Account's noncompliance with ▇▇▇▇▇▇▇▇’s minimum employer contribution requirements; e. Wellmark ceases to offer this type of small group or large group coverage in Iowa in accordance with Section 7.6; f. the Commissioner of Insurance for the state of Iowa finds that continuation of the coverage would not be in the best interest of the Members; g. the renewal or continuation of this Agreement would otherwise be prohibited by applicable law. Account shall be deemed to be in noncompliance of subsection c or d, above regarding participation or contribution requirements, upon Account’s failure to provide reasonable documentation requested by Wellmark to satisfy its inquiry.