This excerpt taken from the OME 8-K filed May 29, 2007.
(APPLIES TO COVERED HEALTH CARE EXPENSES ONLY)
ELECTION. To continue insurance, the Insured Employee or covered Dependent must notify the Participating Employer of such election within 60 days from the latest of:
Payment for the cost of the insurance for the period prior to the election must be made to the Participating Employer, within 45 days after the date of such election. Subsequent payments are to be made to the Participating Employer, in the manner described by the Participating Employer. The Participating Employer will remit all payments to the Company.
TERMINATION. Continued coverage will end at the earliest of the following dates:
OTHER CONTINUATION PROVISIONS. If any other continuation privilege is available to the Insured Employee or Dependent under the Policy, it will apply as follows.
Another continuation privilege may provide a shorter continuation period, for which the Participating Employer pays all or part of the premium. In that event, the Insured Employees or Dependents share of the premium may increase for the rest of the COBRA continuation period provided above.