Premiums. Each Owner will pay every premium on any life insurance policies that he or she is required to maintain under this Article. Further, each Owner will give each other Owner proof of such payment within fifteen days after the date the premium was due. If any Owner fails to provide such proof, any other Owner may pay the premium and be reimbursed for his or her payment by the Owner who failed to provide such proof. All dividends on such policies shall be applied to the payment of premiums.
Premiums. The initial Premium is due on or before the Effective Date of this Agreement. Subsequent Premiums are due on the Premium Due Date. The Premium Due Date is the first day of the month for the period for which the Premium applies. The initial Premium is required to effectuate coverage under this Agreement. If the Subscriber elects an electronic payment, CareFirst BlueChoice will not debit or charge the amount of the Premium due prior to the Premium Due Date, except as authorized by the Subscriber.
Premiums. The Group must prepay all premiums at least one-month in advance of the relevant monthly period. Group must pay all premiums related to any retroactive adjustments expressly permitted by BCN's underwriting rules. Refunds or retroactive credits of premium payments or retroactive additions or deletions of Members are not otherwise permitted under this Agreement. All premium rates are guaranteed for the applicable benefit period then in effect except for any government-mandated surcharges or subsidies and except if incorrect rates are identified. In the latter case, BCN will notify Group in writing that the rates will be corrected on the next available bill, 90 days following receipt of the notice of incorrect rates.,. At its discretion, BCN may terminate this Agreement immediately if premiums are more than thirty (30) days past due, with termination of coverage retroactive to the last date through which premiums were paid in full.