31A-22-501.1. Employer groups.
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/ut/title-31a/chapter-22/31a-22-501-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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