PREMIUM RATE CHANGES. During the contract term, the District shall notify the Faculty Senate in writing as soon as any proposed premium rate change is received, but in any event no later than the November 1 prior to the proposed date of implementation of the premium rate change. Should the District deem the rate of increase to be significant, the District shall direct its broker to explore coverage, premium, and carrier alternatives, and to share the information resulting from such exploration with the District and the Faculty Senate as soon as practicable. The District and Faculty Senate shall then work cooperatively to evaluate the possible merits of the various alternatives.
Appears in 4 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement