Common use of Policy Administration Clause in Contracts

Policy Administration. 1. The policyholder undertakes that he/she will advise all eligible employees immediately if any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible employees are made aware that all cover has ceased and that benefits will not be payable in respect of eligible employees or family members.

Policy Administration. 1. The policyholder undertakes that he/she will advise all eligible employees insured members immediately if for any reason this agreement should not be renewed or this agreement should be terminated in accordance with the provision of Article 23 above so that such eligible employees insured are made aware that all cover has ceased and that benefits will not be payable in respect of eligible employees insured or family members.