by emily on July 11, 2012
INSURANCE BINDER
Effective Date and Hour……………………..
Insured……………………………………
Address……………………………………
Organization……………………………………
Premium……………………………………
……………………………………
Coverage……………………………………………
……………………………………………
……………………………………………
……………………………………………
This binder is an indication that ………………………has placed the described insurance with the above Organization for the amount set forth. This binder shall remain in force for ….days from the date of commencement of liability hereunder or when, if earlier, it is replaced by a policy of the Organization, and is subject to all the terms and conditions of said policy as customarily issued by the Organization. This binder may be cancelled by the Insured by mailing to the Organization written notice stating when thereafter such cancellation shall be effective. This binder may be cancelled by the Organization by mailing to the named insured at the address shown in this binder written notice stating when not less than twelve days hereafter such cancellation shall remain effective.
………………………….
By………………………..
Dated……………………..
Insurance Binder
by emily on June 30, 2012
Dear
This is in reference to the letter and form received. We would like to inform you that we are in receipt of a directive from (name of the company) concerning the above captioned Regulation. This new rule went into effect on (date) and requires that complications of pregnancy be covered in the same manner as any other injury or disease.
“Complications” is defined as anything other than a normal delivery. This is applicable to any employee, dependent spouse or dependent child.
Due to the potential rise in claims, it has become necessary to increase our quoted rates to comply with this regulation. The new employee rate will be $ and the new spouse rates will be $_; the new
spouse and children rate will be $ and the new children only rate will be $
If you have any questions regarding these rate increases due to the change in regulations, please do not hesitate to call us for any further doubts or clarifications.
Explanation of Insurance Rate Increase
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