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2011 4.8 Satisfied (151 Votes)
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Decline, in the context of insurance, refers to the rejection of the request for insurance coverage. An insurance company commonly declines an insurance application if the business or the person applying represents too high of a risk for the insurance company to pay out too much money.
If the member, of any health plan, does not make their monthly premium payment within 30 days, the health insurance plan is terminated. The last month of coverage is the last month that the premium payment was made in full.
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