Gevity HR (GVHR)

Premium Tax on Deductibles For Loss Sensitive Programs/Plans

If any state regulatory authority that mandates amounts which you have paid as deductible reimbursements are considered premium, and thus are subject to premium taxes and/or assessments makes any claim, we will notify you of the existence of such a claim.  We will give you the opportunity of joining with us in any proceeding to contest such claim at your own expense, or to contest such claim independently at your own expense.  In the event a determination is made that said reimbursed amounts are taxable as premium or subject to assessments, you will be responsible to pay the premium taxes and/or assessments and any related fines, penalties or interest that may be imposed as a result of the non-payment of premium taxes and/or assessments applicable to the Policies.

Premium
Tax on Deductibles For Loss Sensitive Programs/Plans

If any state regulatory
authority that mandates amounts which you have paid as deductible
reimbursements are considered premium, and thus are subject to premium taxes
and/or assessments makes any claim, we will notify you of the existence of such
a claim.  We will give you the
opportunity of joining with us in any proceeding to contest such claim at your
own expense, or to contest such claim independently at your own expense.  In the event a determination is made that
said reimbursed amounts are taxable as premium or subject to assessments, you
will be responsible to pay the premium taxes and/or assessments and any related
fines, penalties or interest that may be imposed as a result of the non-payment
of premium taxes and/or assessments applicable to the Policies.

Premium
Tax on Deductibles For Loss Sensitive Programs/Plans

If any state regulatory
authority that mandates amounts which you have paid as deductible
reimbursements are considered premium, and thus are subject to premium taxes
and/or assessments makes any claim, we will notify you of the existence of such
a claim.  We will give you the
opportunity of joining with us in any proceeding to contest such claim at your
own expense, or to contest such claim independently at your own expense.  In the event a determination is made that
said reimbursed amounts are taxable as premium or subject to assessments, you
will be responsible to pay the premium taxes and/or assessments and any related
fines, penalties or interest that may be imposed as a result of the non-payment
of premium taxes and/or assessments applicable to the Policies.