Common use of Premium Statement Clause in Contracts

Premium Statement. The Insurance Company will prepare and submit a monthly Premium statement (“Statement”) to the Group, listing: (1) Subscribers shown on its records; (2) type of Coverage selected by each Subscriber (e.g., individual, family, etc.); and (3) the Aggregate Premium payable to the Insurance Company for providing Coverage for all Members for the next billing period. The Insurance Company will prepare this statement not less than 15 days prior to the end of each billing period this Policy remains in effect. The Group must pay the Aggregate Premium for anyone Covered or added during the billing period.

Premium Statement. The Insurance Company will prepare and submit a monthly Premium statement (“Statement”) to the Group, listing: (1) Subscribers shown on its records; (2) type of Coverage selected by each Subscriber (e.g., individual, family, etc.); and (3) the Aggregate Premium payable to the Insurance Company for providing Coverage for all Members for the next billing period. The Insurance Company will prepare this statement not less than 15 30 days prior to the end of each billing period this Policy remains in effect. The Group must pay the Aggregate Premium for anyone Covered or added during the billing period.