Transfer of Coverage Sample Clauses
The Transfer of Coverage clause defines the conditions under which insurance coverage or benefits under a policy may be reassigned from one party to another. Typically, this clause outlines the process for transferring coverage, such as requiring written consent from the insurer or notification to all parties involved. For example, if a business is sold, the new owner may seek to have existing insurance coverage transferred to their name. The core function of this clause is to ensure that any change in the insured party is managed transparently and with proper authorization, thereby preventing unauthorized or unintended transfers of insurance protection.
Transfer of Coverage. If a Subscriber moves out of California, coverage under this Agreement will terminate. If a Subscriber moves to an area served by another Blue Cross and/or Blue Shield plan and notifies Blue Shield of California of his new address, the Subscriber's coverage may be transferred to the plan serving his new address.
Transfer of Coverage. Upon the Effective Date, the Fund shall transfer to the Insurer (i) the Contracts of Coverage (as defined below) and the liability to pay all losses, including loss adjustment expenses, covered by said Contracts of Coverage issued by the Fund prior to the Effective Date hereof, to all members, including all existing and incurred but not reported ("IBNR") claims covered by the Contracts of Coverage and claims in litigation upon the Effective Date (hereinafter "Transferred Claims") subject to the terms and conditions contained herein; and (ii) all rights the Fund may have now or in the future under or with respect to the Contracts of Coverage, including, without limitation, the right to collect and adjust premiums, adjust and settle claims, deny coverage, rescind Contracts of Coverage, etc. Once said transfer occurs, Insurer shall be bound by all the terms and conditions of the Fund's Contracts of Coverage as if they had been issued by the Insurer. The term "
Transfer of Coverage. If a Subscriber moves outside the Plan Service Area, but remains within California, as soon as the Subscriber notifies Blue Shield of the new address, Blue Shield can transfer coverage to a Blue Shield PPO Plan. Subscribers should notify Blue Shield of an address change within 30 days after moving. If a Subscriber moves out of state, coverage under this Agreement will terminate. If a Subscriber moves to an area, served by another Blue Cross and/or Blue Shield (BC/BS) plan and notifies Blue Shield of his new address, the Subscriber's coverage may be transferred to the plan serving his new address.
1. The new plan must offer the Subscriber at least its group conversion policy. This is a type of policy normally provided to Subscribers who leave a group and apply for new coverage as individuals.
2. Conversion policies provide coverage without a medical examination or health statement.
3. If the Subscriber accepts the conversion policy, the new plan will credit the Subscriber for the length of his enrollment in this plan toward any of the new plan's waiting periods. Any physical or mental conditions covered by this plan will be covered by the new plan without a new waiting period if the new plan offers this feature to others carrying the same type of coverage.
4. The required dues or premium amount and benefits available from the new plan may vary significantly from this plan.
5. In addition, the new plan may offer other types of coverage outside the transfer program which may:
a. require a medical examination or health statement to exclude coverage for pre-existing conditions, and
b. not credit the time enrolled in this plan.
Transfer of Coverage. If the covered property is sold during the terms of this Agreement, the homeowner may transfer coverage by notifying Fix It!®., in writing 30 days in advance, Each plan is for a single-family unit. For Multifamily units, a separate plan will be required for each unit.
Transfer of Coverage. 1 ARTICLE 3 -
Transfer of Coverage. In case of the ▇▇▇▇▇▇ Secur Client’s death or transfer between the Buyer or Seller of their interest in this Certificate, coverage continues to have effect for the benefit of the heir or the remaining ▇▇▇▇▇▇ Secur Client;