§ 10202
344 words·~2 min read·
/ca/insurance-code/10202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Life insurance conforming to all the following conditions is one form of group life insurance:
(a)Written under a policy covering when issued not less than two public or private employees.
(b)Written under a policy issued to the employer, the premium on which is to be paid by the employer, by the employee, or by the employer and employees jointly, and insuring either all of the employees or all of any class or classes thereof, determined by conditions pertaining to the employment.
(c)For amounts of insurance based upon some plan which will preclude individual selection.
(d)For the benefit of persons other than the employer. That group insurance may be for the benefit of a trustee of a pension, welfare benefit plan, or trust established by an employer providing life, health, disability, retirement, or similar benefits to employees of the employer or its affiliates, and acting in a fiduciary capacity with respect to those employees, retired employees, or their dependents or beneficiaries, where the trustee has an insurable interest in the lives of the employees for whom those benefits are to be provided and where the employee has consented in writing to the coverage.
(e)When the premium is to be paid by the employer and employee jointly and the benefits of the policy are offered to all eligible employees.
(f)Terminating if, subsequent to issue,
(1)the number of employees insured falls below two lives, and
(2)the employee contributions, if the premiums for the insurance are on a renewable term insurance basis, exceed one dollar ($1) per month per one thousand dollars ($1,000) of insurance coverage plus an amount equal to any additional premium per one thousand dollars ($1,000) of insurance coverage charged to cover one or more hazardous occupations.
(g)The application period and the notice requirements shall be the same for classes of former employees and retired employees as those set forth in paragraphs
(2)and
(4)of subdivision
(a)of, and subdivision
(b)of, Section 10209.
That insurance may be issued either with or without medical examinations.