Common use of Rate Letter Clause in Contracts

Rate Letter. The term ‘Rate Letter’ refers to a compilation of documents which constitute AvMed's formal notice to the Subscribing Group of: (i) the Premium rates applicable to the Subscribing Group, (ii) the conditions under which the rates are valid, (iii) the Premium payment terms and due dates, and (iv) the additional charge which will apply to all late Premium payments. AvMed reserves the right to adjust (re-rate) the Premium rates to account for material changes in group size or in the data supplied by the Subscribing Group to AvMed.

Rate Letter. The term ‘Rate Letter’ refers to a compilation of documents which constitute AvMed's formal notice to the Subscribing Group of: (i) the Premium rates applicable to the Subscribing Group, (ii) the conditions under which the rates are valid, (iii) the Premium payment terms and due dates, and (iv) the additional charge which will apply to all late Premium payments. AvMed reserves the right to adjust (re-re- rate) the Premium rates to account for material changes in group size or in the data supplied by the Subscribing Group to AvMed.