A quoted prospect case (new business) that falls below the state-specific minimum life requirement at inception will be declined coverage.
Any in-force case that falls below the state-specific minimum life requirement at its contract anniversary date is not eligible for renewal.
Cases must remit premium at actual enrollment levels down to 20 covered employee lives. Any case with enrollment below 20 employee lives must remit premium on a minimum of 20 employee lives. Any premium due above the actual enrollment (up to 20 employee lives) is based on the single rate.
If the enrollment fluctuates by more than 10% during the plan year, underwriting may request an updated census and reason for the fluctuation.
BRM does not cancel cases at any time during the contract period due to declining enrollment.