KSC/KMS Development Programs have a no refund policy after the program begins. KSC/KMS Development Programs are a substantial investment. The purchase of the Program Insurance Plan (PIP) can help safeguard this investment. A PIP is designed to protect both the parent(s) and the KSC/KMS Development Programs from the unfortunate financial consequences of unexpected athlete withdrawals, dismissals, or other permanent separations. KSC/KMS expenses are incurred on an annual basis. Therefore, KSC/KMS cannot refund fees paid or cancel obligations. Subject to its terms, conditions, and limitations the PIP will pay benefits of 50% of the prorated cost for days absent in the event of an athlete’s permanent separation from KSC/KMS during the winter program dates. The number of days do not include the December and February Holiday. Benefits are first used to meet an athlete’s financial obligation to KSC/KMS Competition Programs.

The cost of the Program Insurance Plan (PIP) is $110 per athlete. PIP is bought online during the time of registration. This insurance must be purchased by the first day the athlete starts the program. The PIP covers athletes who leave the program for any reason. The PIP does not cover an athlete who is suspended from the program, or asked to leave by the mountain.  All requests to use the Program Insurance Plan must be in written form including the athletes name, program, program start and end date, and reason for leaving the program. All medical conditions for leaving must be accompanied by a letter from a physician. No refunds will be distributed until the completion of the 2014-2015 program.

Calculated as follows:

PIP payment = 50% of program cost, per-day, for remaining days in program

Example:
Athlete Name: John Doe
Program:  Example
Price Paid: $1399
Start: December 4 End: March 27
Total number of program days start to end:
Last day of athlete in program: January 9
Number of Remaining Days: 20
50% of remaining days: 10

Program/Total number of days
$1399/32= $45.13 cost per day
Price per day times 50% of remaining days
$45.13 x 10 days=  $451.30