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Conversion to VS Doc


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Guest elang
Posted

When a plan is converting from a bundled product where they have adopted a national prototype document to an unbundled solution with a Volume Submitter document, what should the effective date of the VS doc be? Can there be an overlap or must the effective date be the same date as the termination of the bundled contract? Ie…the expected termination date of the bundled contract will be 4/25. Does the VS need to be effective 4/25 or can we write with an effective date of 1/1/12. Does the adoption/signature date need to be prior to 4/25, etc… Thanks in advance for your help.

Posted

It could be 1/1, as long as it doesn't create some conflict between what's in the new document and the way the plan was operated (not likely).

Ed Snyder

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