Premium Stabilization Committee Sample Clauses
The Premium Stabilization Committee clause establishes a designated group responsible for overseeing and managing the stability of insurance premium rates within an agreement. This committee typically consists of representatives from both parties and meets regularly to review premium calculations, address fluctuations, and recommend adjustments as needed. By providing a structured forum for discussion and resolution of premium-related issues, the clause helps prevent unexpected cost increases and ensures transparency and fairness in premium management.
Premium Stabilization Committee. A Premium Stabilization Committee shall be formed to meet and discuss alternative group health insurance options and programs, including methods and mechanisms that might mitigate the effect of future group health insurance premium increases. The Premium Stabilization Committee shall consist of one (1) representative from the ASSOCIATION and one (1) representative from management. The meetings will take place on mutually agreed upon dates and times.