Obtaining Declinations or Waivers of Coverage Sample Clauses
The "Obtaining Declinations or Waivers of Coverage" clause outlines the process by which a party must secure formal documentation from insurers confirming that certain types of insurance coverage have been declined or explicitly waived. In practice, this often involves requesting written statements from insurance providers that they will not offer specific policies, or that certain coverage requirements are not applicable. This clause is typically used when a contract requires insurance that is unavailable or unnecessary, ensuring that all parties are aware of and agree to the absence of such coverage. Its core function is to provide transparency and protect parties from future disputes by formally documenting the lack of certain insurance protections.
Obtaining Declinations or Waivers of Coverage. All eligible Employees will be offered health benefits coverage during the initial and subsequent enrollment periods. If an Employee elects to decline or waive coverage, the Employer is responsible for obtaining the Employee's signed acknowledgment of receipt of an explicit written notice in bold type specifying that failure to elect coverage during the Open Enrollment Period permits the Plan to impose an exclusion from coverage for a period of 12 months, or at the Employer’s next Open Enrollment Period, whichever is earlier, unless the Employee meets the criteria specified in the definition of Late Enrollee as set forth in the EOC.
Obtaining Declinations or Waivers of Coverage. All eligible Employees will be offered health benefits coverage during the initial and subsequent enrollment periods. If an Employee elects to decline or waive coverage, the Employer is responsible for obtaining the Employee's signed acknowledgment of receipt of an explicit written notice in bold type specifying that failure to elect coverage during the Open Enrollment Period permits Blue Shield to impose an exclusion from coverage for a period of 12 months or at the Employer’s next Open Enrollment Period, whichever is earlier, if the Employee later decides to elect coverage.
Obtaining Declinations or Waivers of Coverage. All eligible Employees will be offered health benefits coverage during the initial and subsequent enrollment periods. If an Employee elects to decline or waive coverage, the Employer is responsible for obtaining the Employee's signed acknowledgment of receipt of an explicit written notice in bold type specifying that failure to elect coverage during the open enrollment period permits the Plan to impose an exclusion from coverage for a period of 12 months or at the Employer’s next open enrollment period, whichever is earlier, unless the Employee meets the criteria specified in paragraph 1. of the definition of Late Enrollee as set forth in the Evidence of Coverage and Disclosure Form.
Obtaining Declinations or Waivers of Coverage. All eligible Employees will be offered health benefits coverage during the initial and subsequent enrollment periods. If an Employee elects to decline or waive coverage, the Employer is responsible for obtaining Employee's signed acknowledgment of receipt of an explicit written notice in bold type specifying that failure to elect coverage during the open enrollment period permits the plan to impose an exclusion from coverage for a period of 12 months or at the Employer’s next open enrollment period, whichever is earlier, if the Employee later decides to elect coverage. In addition, the notice will specify that a 6-month Pre-existing Condition exclusion may be imposed, unless the Employee meets the criteria specified in paragraph 1. of the definition of Late Enrollee as set forth in the Evidence of Coverage and Disclosure Form.