Premium Rebates. If Insurance Company is required by law to provide a premium rebate to Group’s Members and former Subscribers, Insurance Company, in its sole discretion, will choose one of the following methods of distribution, as allowed by law:
Premium Rebates. If state or federal law requires the Health Plan to rebate Premium from this or any earlier contract year and the Health Plan rebates Premium to the Group, those responsible to represent that the Group will use that rebate for the benefit of Members, in a manner consistent with the requirements of the Public Health Service Act, the Affordable Care Act, and the obligations of a fiduciary under the Employee Retirement Income Security Act (ERISA).
Premium Rebates. If state or federal law requires SHP to rebate premiums from this or any earlier contract year and SHP rebates premiums to Group, Group represents that Group will use that rebate for the benefit of Members, in a manner consistent with the requirements of the Public Health Service Act, the Affordable Care Act, and the obligations of a fiduciary under ERISA.
Premium Rebates. This Section applies if CareFirst BlueChoice is required under federal or state law or regulation to rebate any portion of a Premium paid under the [In-Network] Group Contract by the Group or any Subscribers (a “Rebate”).
Premium Rebates. In the event federal or state law requires Wellmark to pay Account or Plan Members a rebate for a portion of the annual premium payment, Wellmark will pay the Account the total rebate amount applicable to Account. In accordance with applicable law, the Account shall use the portion of the rebates attributable to the amount of premiums paid by Plan Members, if any, for the exclusive benefit of Plan Members so that the Plan Members receive the benefit of the rebates. The Plan Member portion of the rebates may be used to reduce the Plan Members' portion of the premiums in subsequent years or provided as a cash refund or, if the Plan is subject to ERISA, for other permissible Plan purposes. Account shall develop and retain records and documentation evidencing its use of the rebates and shall provide such records to Wellmark upon request. If the Plan is neither a governmental plan nor a plan subject to ERISA, the Account agrees that it has provided or will provide Wellmark with written assurance that any rebates received by Account will be used to benefit current Plan Members.
Premium Rebates. The employee's portion of the reduced premiums resulting from registration of the Sickness and Accident Benefit Plans under the Employment Insurance Act will continue to be directed toward employee benefit plans.
Premium Rebates. If Insurance Company is required by law to proviGH D SUHPLXP UHEDWH WR Members and former Subscribers, Insurance Company will choose one of the following methods of distribution, as allowed by law:
Premium Rebates. Premium Rebates are contingent upon: County's adoption, without deviation, of Contractor’s Formulary and Formulary exclusions, as well as any changes Contractor makes to its Formulary and Formulary exclusions; and the implementation of the step therapies required by Contractor, as well as any changes Contractor makes to its Formulary and formulary exclusions; and the implementation of the step therapies required by Contractor, as well as any changes Contractor makes to its utilization management programs.
