With no loss of coverage Sample Clauses
The "With no loss of coverage" clause ensures that an individual or entity maintains uninterrupted insurance or benefits coverage during a transition, such as a change in policy, provider, or employment status. In practice, this clause requires that any new coverage begins immediately as the previous coverage ends, preventing any gaps that could leave the insured unprotected. Its core function is to safeguard continuous protection, addressing the risk of being uninsured during periods of change.
With no loss of coverage. If the coverage under a benefit package option is significantly curtailed or ceases during the Plan Year, affected Participants may revoke their elections for the curtailed coverage and make a new prospective election for coverage under another benefit package option providing similar coverage.