Florida Regulations 60P-10.005: Payment of Premiums
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(1) Premiums are due one month in advance of each month of coverage and shall be paid as follows:
(a) For employees on payroll, premiums shall be payroll deducted;
(b) For employees off payroll, premiums shall be paid monthly by personal check or money order and forwarded to the supplemental company.
(2) Double payroll deductions shall be made for an employee on an academic contract or who is regularly employed for less than twelve (12) months. However, double deductions shall not be made for an employee who is paid monthly or applies for a change in coverage. No deduction shall be taken on a supplemental payroll.
(3) Employee premiums shall not be accepted for coverage beyond the end of the month following the month in which the employee terminates employment.
Specific Authority 110.123(5) FS. Law Implemented Florida Statutes § 110.123. History-New 8-22-96, Repromulgated 1-31-02.
Terms Used In Florida Regulations 60P-10.005
- Contract: A legal written agreement that becomes binding when signed.
(b) For employees off payroll, premiums shall be paid monthly by personal check or money order and forwarded to the supplemental company.
(2) Double payroll deductions shall be made for an employee on an academic contract or who is regularly employed for less than twelve (12) months. However, double deductions shall not be made for an employee who is paid monthly or applies for a change in coverage. No deduction shall be taken on a supplemental payroll.
(3) Employee premiums shall not be accepted for coverage beyond the end of the month following the month in which the employee terminates employment.
Specific Authority 110.123(5) FS. Law Implemented Florida Statutes § 110.123. History-New 8-22-96, Repromulgated 1-31-02.