Section 2699.6315 - Overdue Payments; Late Fees; Disqualification for Individual Members(a) A participating individual member whose individual member premium is not paid in full by the due date shall be considered to be overdue. No act or failure to act on the part of a guaranteed association that is collecting premium for the guaranteed association's members shall encumber the program from proceeding as herein set forth.(b) The program shall notify participating individual members of the overdue premium payment and the potential of disqualification from the program within fifteen (15) calendar days following the due date.(c) Overdue employer premiums or individual member premiums shall be subject to a late fee equal to 5% of the employer or individual member premium.(d) Individual member premiums more than thirty-one (31) calendar days overdue shall result in the member employer or individual member being disqualified pursuant to Section 2699.6175. The final date of coverage for member employers or individual members who are disqualified pursuant to Section 2699.6173 or 2699.6175 shall be retroactive to the last day for which individual member premium was paid in full.Cal. Code Regs. Tit. 10, § 2699.6315
1. Renumbering and amendment of former section 2699.646.5 to section 2699.6315 filed 5-27-94; operative 5-27-94 (Register 94, No. 21). Note: Authority cited: Section 10731, Insurance Code. Reference: Section 10731, Insurance Code.
1. Renumbering and amendment of former section 2699.646.5 to section 2699.6315 filed 5-27-94; operative 5-27-94 (Register 94, No. 21).