Right to Purchase Additional Coverage. The Board shall allow an eligible member to purchase additional amounts of coverage through payroll deduction, provided the number electing to take advantage of this opportunity is adequate to meet the requirements of the insuring company. The Board may insist that the amount of such additional coverage shall be $50,000 or $100,000, at the option of the member. The right to purchase such additional coverage is subject to availability and to all requirements imposed by the insurance carrier.
Right to Purchase Additional Coverage. The Board shall allow individual members of the bargaining unit to purchase additional amounts of coverage through payroll deduction subject to the rules and regulations imposed by the carrier.
Right to Purchase Additional Coverage. The Board shall allow a member of the bargaining unit to purchase $20,000 of additional coverage prescribed in B(1) above through payroll deduction, provided the number of individuals electing to take advantage of this opportunity is adequate to meet the requirements of the insuring company. Members who purchased more than $20,000 of life insurance prior to July 1, 1999, shall be grandfathered at the higher amount.
