Common use of Right to Purchase Additional Coverage Clause in Contracts

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 an eligible bargaining unit 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 Fifty Thousand Dollars ($50,000 50,000) or One Hundred Thousand Dollars ($100,000), at the option of the bargaining unit member. The right to purchase such additional coverage is subject to availability and to all requirements imposed by the insurance carrier.