Common use of Failure to Meet Requirements Clause in Contracts

Failure to Meet Requirements. In the event it is determined by a court, BWC, other governmental agency, the Plan Administrator, or CareWorks Comp that the Employer fails to meet the requirements for participation in the Plan, then Employer will automatically convert to an individual contract by and between CareWorks Comp for the same term as stated under Section 7, and all fees paid for the current Plan will be applied to the fee for the individual contract. The Employer will not be entitled to any premium savings or discounts under the Plan. If the Employer applies to multiple group retrospective rating plans, and elects not to participate in the Plan Administrator’s Plan, the Employer will not be entitled to a refund of any fees paid.