(a) A participant will cease participation in the Flexible Benefits Plan as of the earliest of the following events:
- (1) The last day of the month of termination of employment with the employer; or
- (2) The last day of the month the participant ceases to be eligible to participate in the Flexible Benefits Plan; or
- (3) The date of termination of the Flexible Benefits Plan.
(b) Benefit plan coverage shall terminate as follows:
- (1) For termination as a result of voluntary election, the coverage shall terminate on the last day of the month of receipt and approval of a valid change form at the offices of the Plan Administrator.
- (2) For termination of coverage as a result of ineligibility, the coverage shall terminate on the last day of the month of the event causing the loss of eligibility.
- (c) No vendor, including the EGID, shall terminate coverage on any participant unless authorized by the Plan Administrator.
Added at 31 Ok Reg 1358, eff 9-12-14