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<br />PREMIUMS AND PREMIUM RATES <br /> <br />PAYMENT OF PREMIUMS. No coverage provided by this Policy will be in effect until the first premium for such coverage <br />is paid, For coverage to remain in effect, each subsequent premium must be paid on or before its due date, The Group <br />lolicyholder is responsible for paying all premiums as they become due. Premiums are payable on or before their due <br />dates at the Company's Home Office. The premium must be paid in U.S, dollars, <br /> <br />PREMIUM RATE CHANGE. The Company may change any premium rate on any of the following dates: <br />(1) the date this Policy's terms are changed; <br />(2) the date the Company's liability is changed due to a change in federal, state or local law; <br />(3) the date the Group Policyholder (or any covered division, subsidiary or affiliated company) relocates, or <br />is added to or removed from this Policy; <br />(4) the date the number of Insured Persons changes by 25% or more from the enrollment on the date this <br />Policy took effect, or the most recent Rate Guarantee Date expired, if later; or <br />(5) on any premium due date on or after this Policy's first anniversary, or any later Rate Guarantee Date <br />agreed upon by the Company. <br /> <br />Unless the Company and the Group Policyholder agree otherwise, the Company will give at least 45 days' advance written <br />notice of any increase in premium rates. <br /> <br />PREMIUM AMOUNT. The amount of premium due on each due date will be the sum of the products obtained by <br />multiplying each rate shown in the Premium Rate Schedule by the amount of insurance to which the rate applies, <br /> <br />Premium adjustments will not be pro-rated daily. Instead, premium will be adjusted as follows. <br />(1) When an Insured Person's insurance or increase takes effect, premium will be charged from the <br />monthly due date coinciding with or next following that change. ' <br />(2) When all or part of an Insured Person's insurance terminates, the applicable premium will cease on the <br />monthly due date coinciding with or next following that termination. <br />(3) When premiums are paid other than monthly, increases or decreases will result in adjustment from the <br />premium due date coinciding with or next following that change. <br /> <br />The above manner of charging premium is for accounting purposes only. It will not extend coverage beyond a date it <br />fould have otherwise terminated, Each premium payment will include any adjustments in past premiums, which are <br />needed due to changes that have not yet been taken into account. If a premium adjustment involves a return of unearned <br />premium, the refund will be limited to the prior 12-month period, <br /> <br />PREMIUM RATE SCHEDULE <br /> <br />Monthly Group Life Rate <br /> <br />$.xx per $1,000 of insurance <br /> <br />Monthly AD&D Rate <br /> <br />.xx per $1,000 of insurance <br /> <br />Monthly Dependent Life Rate <br /> <br />x,xx per Family Unit <br /> <br />The above rates are guaranteed until May 1, 2002, unless an exception listed in the Premium Rate Change section <br />applies. <br /> <br />After that, any premium rate change will be as shown in the renewal letter. The Company will send the Group <br />Policyholder a renewal letter prior to each Policy Anniversary. <br /> <br />GL1101-6 99 FL <br /> <br />8 <br /> <br />05101/01 <br />