Common use of NSF CHECKS Clause in Contracts

NSF CHECKS. This Agreement will not be construed in any manner to require the TPA to collect insufficient funds, “stop-payment” or otherwise dishonored checks, or other negotiable instruments received for premium payments, which are subsequently not paid by the maker. The TPA will not be liable for any losses to Plan Sponsor or Plan Sponsor’s Plan as a result of such checks or negotiable instruments.

NSF CHECKS. This Agreement Appendix C will not be construed in any manner to require the TPA to collect insufficient funds, “stop-payment” or otherwise dishonored checks, or other negotiable instruments received for premium payments, which are subsequently not paid by the maker. The TPA will not be liable for any losses to Plan Sponsor or Plan Sponsor’s Plan as a result of such checks or negotiable instruments.