PCP Termination Sample Clauses
The PCP Termination clause defines the conditions and procedures under which a Personal Contract Purchase (PCP) agreement can be ended before its scheduled completion. Typically, this clause outlines the rights of both the customer and the finance provider, specifying when and how the customer can voluntarily terminate the agreement, such as after paying a certain percentage of the total amount owed. It may also detail any financial obligations or penalties that apply upon early termination. The core function of this clause is to provide a clear and fair process for ending a PCP agreement early, protecting both parties from uncertainty and potential disputes.
PCP Termination. If a PCP ceases participation in the CONTRACTOR’s MCO, the CONTRACTOR shall provide written notice as soon as possible, but no less than thirty (30) calendar days prior to the effective date of the termination and no more than fifteen (15) calendar days after receipt or issuance of the termination notice, to each member who has chosen or been assigned to that provider as their PCP. The requirement to provide notice thirty (30) calendar days prior to the effective date of termination shall be waived in instances where a provider becomes physically unable to care for members due to illness, a provider dies, the provider fails to provide thirty (30) calendar days advance notice to the CONTRACTOR, the provider moves from the service area and fails to notify the CONTRACTOR or a provider fails credentialing, and instead shall be made immediately upon the CONTRACTOR becoming aware of the circumstances.
PCP Termination. When a PCP is terminated by HMO without cause, Members may continue to access the terminating PCP for care for 60 days following the date of termination, or until the end of the next Open Enrollment Period (whichever is less) if the provider agrees to continue to provide coverage under the terms and conditions of the current contract.