In addition, COBRA continuation coverage is available if the child stops being eligible for coverage under the plan as a "dependent child." 4.
The premium for the month in which the first payment is due must be included if the payment due date is the 30th of that month.This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].Employers must give children who qualify a 30-day opportunity to enroll.This enrollment opportunity and a written notice must be provided no later than the first day of the first plan or policy year beginning on or after Sept. The Department of Labor provides the following model language to use in dependent notifications: Individuals whose coverage ended, or who were denied coverage (or were not eligible for coverage) because the availability of dependent coverage of children ended before attainment of age 26, are eligible to enroll in [Insert name of group health plan or health insurance coverage].On October 25, 2001, the Securities and Exchange Commission ("SEC" or "Commission") adopted amendments to Rules 17a-3 and 17a-4 under the Securities Exchange Act of 1934 ("Exchange Act") to clarify and expand record keeping requirements in connection with purchase and sale documents, customer records, associated person records, customer complaint records, and certain other matters.The amendments also require broker/dealers to maintain or promptly produce certain records at each office to which those records relate. Since the issuance of the SEC's Release (the "Adopting Release") concerning the amendments, many questions have been raised.The plan administrator must provide a notice when someone not entitled for COBRA coverage notifies the plan administrator that they have experienced a qualifying event.This notice must be provided within 14 days of the plan administator's receipt of the individual's qualifying event notice.The purpose of this Notice is to address some frequently asked questions about the new SEC requirements.The answers expressed below are staff opinions only and have not been reviewed or endorsed by NASD's Board, nor have they been approved by the SEC.