§ 31A-22-501.1. Employer groups.

Latest version.

(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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