GC 3100.14D SECTION 6 - PREMIUM PAYMENT 2005 (Residual) (Waive after EP) SECTION 6 - PREMIUM PAYMENT PREMIUM PAYMENTS: The Participating Unit is responsible for properly and accurately remitting premium to AUL on or before the Due Date. All premiums will be calculated and paid in U.S. dollars. At the request of the Participating Unit and AUL’s written approval, the interval of premium payments may be changed. Payment of any premium does not maintain the insurance in force beyond the end of the period for which it has been paid, except as provided under the Grace Period provision. If a Person’s coverage is Contributory Insurance, premiums paid by the Person may be paid by means of payroll deduction administered by the Participating Unit. Overpayment of premiums will not result in increases in any coverage amounts for the Participating Unit or Persons eligible for benefits under the Group Policy. Premiums for a Person’s coverage under the Group Policy shall be charged from the Person’s Individual Effective Date of Insurance. Premium charges will cease on the Person’s Individual Termination date. However, premium charges will continue if the Person is Disabled on his Individual Termination date and is, or becomes, eligible for the Extended Benefit. Premiums will continue to be payable until the date they are waived according to the Waiver Of Premium provision. The above manner of charging premiums applies only to a Person’s insurance that is terminating, but not the termination of a Participating Unit. Each premium payment will include adjustments in past premiums for changes that have not previously been taken into account. PREMIUM RATES: AUL reserves the right to change premium rates on any date: 1) after the Participating Unit’s coverage has been in effect for 3 years by giving written notice to the Participating Unit at least 31 days before the date the change is to become effective; or 2) the eligibility or benefit provisions are changed; 3) the number of Persons insured through the Participating Unit changes by 25% or more; or 4) a subsidiary or affiliate is added to, or deleted from, the Participating Unit’s coverage under the Group Policy. WAIVER OF PREMIUM: Premium payments will be waived during any period for which the Monthly Benefit is paid to a Disabled Person.