a contract between the University and a supplier that has been established after a competitive procurement process
an optional-use contract, established and administered by the Department of Information Services (DIS) and used by state and local government entities and qualifying non-profits to purchase products and services directly from contractors
An insurance policy that insures a number of people under a single insurance contract; a contract between an insurance company and a group policyholder in which the individuals insured are not parties to the contract.
A contract that is filed and competitively bid by a state or third party on behalf of schools or libraries. Eligible schools filing Forms 470 may consider the rates and terms set forth in a master contract as bids.
Issued to the employer under a group insurance plan, and containing all the insuring clauses which define employee benefits. Individual employees participating in the group plan receive individual ‘certificates,' which seldom repeat all the insuring clauses contained in the master policy.
A life insurance policy that insures a number of people under a single insurance contract; a legally binding agreement between an insurance company and a group policyholder to which the individuals insured are not parties.
The legal contract between an insurance company and a group insurance policyholder. The master contract insures a number of people under a single contract. Also called the master policy. See also certificate of insurance.
A union contract covering several companies in one industry, for example, NMFA.
A term to describe the agreement between Ruesch and clients who enter into standing order contracts or forward contracts. The master contract is signed once and is valid whenever a client orders a forward or standing order.