[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR875.303]

[Page 423-424]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (CONTINUED)
 
PART 875_FEDERAL LONG TERM CARE INSURANCE PROGRAM--Table of Contents
 
                             Subpart C_Cost
 
Sec. 875.303  How are premium payment errors corrected?

    (a) If the Carrier finds that you have underpaid the premium rate 
for your age and/or level of coverage, you must pay retroactive premiums 
to the Carrier for the amount due. If you fail to pay back premiums 
within the time provided by the Carrier to correct the

[[Page 424]]

error, the Carrier may terminate your coverage.
    (b) If the Carrier finds that you have overpaid premiums, the 
Carrier will either reimburse you or reduce a future premium payment(s) 
by the amount of the overpayment.
    (c) If you die while you have coverage, any premiums paid for the 
period beyond the date of your death will be refunded to your estate or 
to an alternate payee. If there is no estate, the Carrier will determine 
whether to pay the refund to an alternate payee. If you cancel your 
coverage, any premiums paid in advance for the period following the 
effective date of your cancellation will be refunded to you.
    (d) Any premiums you paid will be returned if you cancel coverage 
within the ``free look'' period specified in the benefit booklet.