PART 2149 - TERMINATION OF CONTRACTS

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class="agov-regulation-title-text"><h1>LIFAR</h1><p><b>Part Number:</b> <span id="open-left-side-menu-non-dita" data-type="lifar" data-part="2149">2149</p></div> </div> <ul class="usa-nav__secondary-links"><li><a href="/lifar/part-2149-termination-contracts" id="favorites-create-bookmark" title="Add Bookmark" aria-label="PART 2149 - TERMINATION OF CONTRACTS" data-node="51486" data-title="PART 2149 - TERMINATION OF CONTRACTS" target="_self"><img src="/modules/custom/agov_favorites/images/30px/bookmark-add.png" width="30" alt="PART 2149 - TERMINATION OF CONTRACTS" /></a></li><li><a href="/get-bookmarks" id="favorites-open-bookmarks" title="Open bookmarks." aria-label="Open bookmarks." data-node="51486" data-title="Open bookmarks." target="_self"><img src="/modules/custom/agov_favorites/images/30px/bookmark-open.png" width="30" alt="Open bookmarks." /></a></li><li><a href="/node/51486/printable/print" id="print-page" title="Print PART 2149 - TERMINATION OF CONTRACTS page." 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id="block-nonditaregulationtitleblock" class="block block-agov-browse block-agov-nondita-regulation-title-block"> <div class="nopadding"> <h2 class="non-dita-regulation-title">Life Insurance Federal Acquisition Regulations</h2> </div> </div> <div id="block-regulationpageblock" class="block block-agov-browse block-agov-regulation-page-block"> <div class="nextprev"><a href="/lifar/2146.270-1-contract-clause." class="docprevious docprevround" title="Previous" aria-label="Previous">芦 Previous</a><a href="/lifar/2149.002-applicability." class="docnext docnextround" title="Next" aria-label="Next">Next 禄</a></div> <div class="regulation-content"> <article role="article" aria-labelledby="ariaid-title1"><article class="nested0" aria-labelledby="ariaid-title1" id="Part_2149_T48_6074524"> <h1 class="title topictitle1" id="ariaid-title1"> <span class="ph autonumber">PART 2149</span> - TERMINATION OF CONTRACTS</h1> <div class="body"> <p class="p"> <span class="ph">Authority: </span> 5 U.S.C. 8716; 40 U.S.C. 486(c); 48 CFR 1.301. </p> <p class="p"> <span class="ph">Source: </span> 58 FR 40380, July 28, 1993, unless otherwise noted. </p> <p class="p"><span>     </span> <a class="xref fm:TOC" href="/lifar/part-2149-termination-contracts#Section_2149_002_T48_6074524011" title="2149.002 Applicability." aria-label="2149.002 Applicability.. Link 0">2149.002 Applicability.</a> </p> <p class="p"><span>     </span> <a class="xref fm:TOC" href="/lifar/part-2149-termination-contracts#Subpart_2149_5_T48_60745241" title="Subpart 2149.5 - Contract Termination Clauses" aria-label="Subpart 2149.5 - Contract Termination Clauses. Link 1">Subpart 2149.5 - Contract Termination Clauses</a> </p> <p class="p"><span>          </span> <a class="xref fm:TOC" href="/lifar/part-2149-termination-contracts#Section_2149_505_T48_6074524111" title="2149.505 Other termination clauses." aria-label="2149.505 Other termination clauses.. Link 2">2149.505 Other termination clauses.</a> </p> <p class="p"><span>          </span> <a class="xref fm:TOC" href="/lifar/part-2149-termination-contracts#Section_2149_505_70_T48_6074524112" title="2149.505-70 FEGLI Program contract termination clause." aria-label="2149.505-70 FEGLI Program contract termination clause.. Link 3">2149.505-70 FEGLI Program contract termination clause.</a> </p> </div> <nav role="navigation" class="related-links"><div class="familylinks"><div class="parentlink"><strong>Parent topic:</strong> <a class="link String2Xref" href="/lifar/subchapter-g-contract-management" title="SUBCHAPTER G - CONTRACT MANAGEMENT" aria-label="SUBCHAPTER G - CONTRACT MANAGEMENT. Link 4">SUBCHAPTER G - CONTRACT MANAGEMENT</a></div></div></nav><article class="topic concept nested1 Section" aria-labelledby="ariaid-title2" id="Section_2149_002_T48_6074524011"> <h2 class="title topictitle2" id="ariaid-title2"> <span class="ph autonumber">2149.002</span> Applicability.</h2> <div class="body conbody"> <p class="p Runin List1">(a) <em class="ph i">Termination.</em> </p> <p class="p List2">(1) Termination of FEGLI Program contracts is controlled by 5 U.S.C. 8709(c) and this chapter. The procedures for termination of FEGLI Program contracts are contained in FAR part 49. For the purpose of this part, terminate means to discontinue as used in 5 U.S.C. 8709(c). </p> <p class="p List2">(2) A life insurance contract entered into by OPM may be terminated by OPM at any time for default by the Contractor in accordance with the provisions of FAR part 49 and FAR 52.249-8. A life insurance contract entered into by OPM may be terminated by the Contractor at the end of the grace period, after default for nonpayment by OPM. Notwithstanding the preceding sentence, the Contractor will allow OPM an additional 5 days after the end of the grace period to make payment if the failure to make payment was inadvertent and/or due to circumstances beyond the Government's control. </p> <p class="p List2">(3) A life insurance contract entered into by OPM may be terminated for convenience of the Government 60 days after the Contractor's receipt of OPM's written notice to terminate. </p> <p class="p List2">(4) The Contractor may terminate its contract with OPM at the end of any contract year when notice of intent to terminate is given to OPM in writing at least 60 days prior to the end of the contract year (i.e., no later than July 31). </p> <p class="p List1">(b) <em class="ph i">Continuation of services.</em> The services under this contract are of vital interest to the Government and must be continued without interruption in the event the contract is terminated for the Contractor's default or OPM's convenience. Consequently, the contract termination procedures contained in this paragraph must be used in conjunction with section 2137.102 of this chapter, section 2137.110 of this chapter, and the provisions of the “Continuity of Services” clause at 2152.237-70 of this chapter. The Contractor is not required to continue performance subsequent to OPM's default for failure to pay premiums in accordance with the provisions of the clause at 2152.249-70(b) of this chapter. </p> <p class="p List1">(c) <em class="ph i">Settlement.</em> The procedures for settlement of contracts after they are terminated are those contained in FAR part 49. </p> </div> </article> <article class="topic nested1 SubPart" aria-labelledby="ariaid-title3" id="Subpart_2149_5_T48_60745241"> <h2 class="title topictitle2 Subpart" id="ariaid-title3"> <span class="ph autonumber">Subpart 2149.5</span> - Contract Termination Clauses</h2> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title4" id="Section_2149_505_T48_6074524111"> <h3 class="title topictitle3" id="ariaid-title4"> <span class="ph autonumber">2149.505</span> Other termination clauses.</h3> </article> <article class="topic concept nested2 Section" aria-labelledby="ariaid-title5" id="Section_2149_505_70_T48_6074524112"> <h3 class="title topictitle3" id="ariaid-title5"> <span class="ph autonumber">2149.505-70</span> FEGLI Program contract termination clause.</h3> <div class="body conbody"> <p class="p P">The clause in 2152.249-70 shall be inserted in all FEGLI Program contracts. </p> </div> </article> </article> </article> </article> </div> <div class="nextprev"><a href="/lifar/2146.270-1-contract-clause." class="docprevious docprevround" title="Previous" aria-label="Previous">芦 Previous</a><a href="/lifar/2149.002-applicability." class="docnext docnextround" title="Next" aria-label="Next">Next 禄</a></div> </div> <div id="block-favoriteslinksblock" class="block block-agov-favorites block-agov-favorites-links-block"> <div id="favorites-container"><div id="favorites-header"><h4 id="favorites-heading">Favorite</h4><h4 id="favorites-close-bookmarks">X</h4></div> <div id="favorites-menu-container"></div> </div> </div> <div id="block-messagemodalblock" class="block 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