Plan Renewal. This contract is guaranteed renewable. Coverage under this contract is for an initial term of twelve (12) months commencing as of the effective date of the member’s coverage and will automatically renew for successive terms of twelve (12) months unless terminated or non-renewed as provided for in this contract. Rate changes are effective on a member’s annual renewal date and will be based on each member’s attained age, family structure, geographic region, tobacco usage and benefit plan at the time of renewal. We will notify the member in writing at least thirty (30) days prior to the renewal date of any change in premium rates. For members who have elected the electronic funds transfer option of payment, should premiums change at renewal, we will continue to draft the new monthly premium. We guarantee the member the right to renew the Plan each year, at the member’s option. However, we may refuse to renew this Plan, and all coverage provided under this Plan, if one of the following circumstances has occurred:
Appears in 3 contracts
Sources: Individual Member Contract, Individual Member Contract, Individual Member Hmo Contract