Premium Deductions Sample Clauses
The Premium Deductions clause outlines how and when premium payments are subtracted from an account or paid by a policyholder. Typically, this clause specifies the frequency of deductions, such as monthly or annually, and identifies the source of funds, like a payroll deduction or direct bank withdrawal. Its core function is to ensure that premiums are collected in a timely and systematic manner, reducing the risk of missed payments and potential lapses in coverage.
Premium Deductions. The District agrees to provide all active employees in the bargaining unit payroll deduction and premium incorporation rights for all benefit programs available in the District and shall remit this money along with other regular payments to benefit providers. The District agrees to provide all retired employees premium incorporation rights for all benefit programs available in the District and shall remit the money along with other regular payments to benefit providers.
Premium Deductions. Premium contributions required of an Employee will be withheld in substantially equal amounts from the paychecks issued during the Employee work year.
Premium Deductions. The City, in addition to collecting regular weekly dues by payroll deduction from union members, shall deduct from only union members such premium dues for a Union sponsored income protection and insurance program upon the receipt of a signed authorization form from members and a certified statement from the Treasurer of the Local Union as to the amount of the fees or premiums. The signed authorization for deduction of fees or premiums shall be in the form attached in the appendix. Said form shall include a provision that the deductions may be canceled only after fourteen (14) days written notice to the City. Notice shall be given to the City's Finance Director. The Union agrees to indemnify and hold the City harmless against any and all claims, suits, orders or judgments brought or issued against the City as the result of the action taken or not taken by the City under the provisions of this Article.
Premium Deductions. 4 A. The City, in addition to collecting regular weekly dues by payroll deduction from 5 union members, shall deduct from only union members such premium dues for a 6 Union sponsored income protection and insurance program upon the receipt of a 7 signed authorization form from members and a certified statement from the 8 Treasurer of the Local Union as to the amount of the fees or premiums. The signed 9 authorization for deduction of fees or premiums shall be in the form attached in the 10 appendix. Said form shall include a provision that the deductions may be canceled 11 only after fourteen (14) days written notice to the City. Notice shall be given to the 12 City's Finance Director.
14 B. The Union agrees to indemnify and hold the City harmless against any and all 15 claims, suits, orders or judgments brought or issued against the City as the result of 16 the action taken or not taken by the City under the provisions of this Article.
Premium Deductions. The officer's share of the premiums shall be deducted from his paycheck. Employees may elect to have their insurance premiums paid with pretax dollars.