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PHYSICAL HEALTH INSURANCE CONTRACT AGREEMENT

Insurance Agreement

PHYSICAL HEALTH INSURANCE CONTRACT AGREEMENT | Document Parties: TRIPLE-S MANAGEMENT CORP | PHYSICAL HEALTH INSURANCE You are currently viewing:
This Insurance Agreement involves

TRIPLE-S MANAGEMENT CORP | PHYSICAL HEALTH INSURANCE

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Title: PHYSICAL HEALTH INSURANCE CONTRACT AGREEMENT
Date: 8/4/2010
Industry: Insurance (Accident and Health)     Sector: Financial

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Exhibit 10.3

2008-000065i

PHYSICAL HEALTH INSURANCE
CONTRACT

AGREEMENT BETWEEN

Puerto Rico Health Insurance Administration (PRHIA) a public instrumentality of the Commonwealth of Puerto Rico organized pursuant to Act 72 of September 7, 1993, as amended, hereinafter referred to as the “ ADMINISTRATION ”, and represented by its Executive Director, Domingo Nevárez Ramírez, MHSA;

And

TRIPLE-S SALUD, INC., a private corporation duly organized and authorized to do business under the laws of the Commonwealth of Puerto Rico, with Employer Social Security Number 660-55-5677 , hereinafter referred to as “ INSURER ”, and represented by its Chief Executive Officer, Ms. Socorro Rivas ;

Contractor Name

For the Provision of Health Insurance

coverage to eligible population under the

Government Health Insurance Plan

 


 

WITNESSETH

In consideration of the mutual covenants and agreements hereinafter set forth, the parties, their personal representative and successors, agree as follows:

WHEREAS: The parties entered into Contract number 08-065 (the Contract) to provide health insurance coverage for the North and Southwest Areas’ medically indigent population; enrolled in the Government Health Insurance Plan (GHIP) for the period through November 1, 2006 until June 30, 2008.

WHEREAS : The Contract was extended by Amendment Number 08-065-H until June 30, 2010.

WHEREAS : The Board of Directors of the ADMINISTRATION decided to extend the Contract until August 31, 2010 under the same terms and conditions of the Contract #08-065 and its amendments. Also, the premiums established for the period of January 1,2010 until June 30, 2010 remains unchanged. The premiums for the month of September 2010 are amended as provided for in Appendix C.

HENCEFORTH: The appearing Parties agree to amend the Contract #08-065 to extend the effective date and term until September 30, 2010, amend the Article VIII, Section 22 and the Appendix C. The Amendment reads as follows:

Article I: To amend the following language at the end of Article VIII, Section 22, to read as follows:

For the period of the contract, effective from July 1, 201


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