Title 31A Chapter 22 Section 501.1

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Title 31A
Insurance Code
Chapter 22
Contracts in Specific Lines
Section 501.1
Employer groups.

            

31A-22-501.1.   Employer groups.

            (1) The lives of a group of individuals may be insured under a policy:

            (a) issued as a policyholder, to:

            (i) an employer; or

            (ii) an employer sponsored trust for the benefit of the employer's employees;

            (b) having an insurable interest as stated in Subsection 31A-21-104(3)(d); and

            (c) subject to the requirement of Subsection 31A-21-104(3)(d)(v).

            (2) A policy issued under this section is not subject to:

            (a) Section 31A-21-311; and

            (b) Sections 31A-22-516 through 31A-22-522.


Amended by Chapter 263, 2008 General Session

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