Premium Payments During Disability Clause Samples
The "Premium Payments During Disability" clause defines how insurance premium payments are handled if the policyholder becomes disabled. Typically, this clause allows for the suspension or waiver of premium payments during periods when the insured is unable to work due to a qualifying disability, ensuring that coverage remains in force without financial burden. For example, if a policyholder is rendered unable to work by illness or injury, the insurer may continue the policy without requiring further payments until the individual recovers. This clause's core function is to protect policyholders from losing valuable insurance coverage solely because a disability prevents them from making premium payments.
Premium Payments During Disability. Any teacher who is disabled for at least sixty (60) calendar days and has qualified for weekly benefits under either the district's long-term disability insurance plan or worker's compensation insurance plan shall be entitled to have the employee's portion of the Medical- Hospitalization Insurance coverage as provided in Subd. 1 and 2, Section 2 of this Article and the dental insurance coverage as provided in Subd. 1, Section 4 of this Article, paid by the employer for a period not to exceed twelve (12) calendar months. The first premium shall be paid by the district as of the first day of the month following the 60th calendar day of qualified disability and shall cease on the last day of the month following the discontinuance of the qualified disability or for a period of twelve (12) months, whichever is lesser.
Premium Payments During Disability. Any teacher who is disabled for at least sixty calendar days and has qualified for weekly benefits under either the district's long term disability insurance plan or worker's compensation insurance plan shall be entitled to have the employee's portion of the Medical-Hospitalization Insurance coverage as provided in Section 1 of this Article and the dental insurance coverage as provided in Section 2 of this Article, paid by the employer for a period not to exceed twelve (12) calendar months. The first premium shall be paid by the district as of the first day of the month following the 60th calendar day of qualified disability and shall cease on the last day of the month following the discontinuance of the qualified disability or for a period of twelve (12) months, whichever is lesser.
Premium Payments During Disability. Any teacher who is disabled for at least sixty