Continuation premium definition
Continuation premium means the premium that is periodically paid to maintain in-force a policy that is written on a continuous basis.
Continuation premium means the premium that shall be periodically paid to maintain in-force a policy that is written on a continuous basis.
Examples of Continuation premium in a sentence
The Company will pay for Employee’s Health Care Benefits Continuation premium pursuant to section 4980B of the Internal Revenue Code of 1986, as amended (“COBRA”) for a period of six (6) months (through September 30, 2013) at the rate required to continue his current health care coverage.