Orange County NC Website
53 <br /> SECTION xiii <br /> CONTRACT PROVISIONS <br /> 1. Premium Payment - Computation <br /> All premiums are.payable monthly in advance by the Group to the <br /> Plan at its office. The Group will arrange to collect any necessary <br /> Subscriber contributions toward the premium for their Coverage from the <br /> Subscriber and pay the total monthly premium due the Plan on behalf of <br /> those Subscribers on or before the first day of any month during which <br /> Coverage is to be provided to Subscribers. The first premiums are due <br /> and payable on the Effective Date of this Contract. Subsequent premiums <br /> are due and payable on the first day of each Contract Month thereafter <br /> during the continuance of this Contract. The Group agrees that it shall <br /> act as the agent for the Group's Subscribers and not, under any <br /> circumstances, as an agent, employee, or representative of the Plan in <br /> collecting any amounts from such Subscribers and paying same to the Plan. <br /> The initial premium for Coverage is set forth on page one of this <br /> Contract. The Plan will provide the Group with at least thirty (30) <br /> days notice of any premium increase or decrease approved by the State. <br /> It is understood that the same rate will be charged for the <br /> Contract Year however, if during any Contract year there shall have <br /> been an increase in the rate applicable to the premium charge for this <br /> Contract, as determined by the State's Insurance Department, the Plan, <br /> with the approval of the Insurance Department and in compliance with the <br /> notice provisions in this Section, will adjust the premium for the <br /> ensuing contract year to reflect the increase in the rate. <br /> 48 <br /> 1 <br />