§ 23-83-121. Delivery of certificate of insurance to insured debtors provision
In the case of a policy insuring the lives of debtors, a provision that the insurer will furnish to the policyholder for delivery to each debtor insured under the policy a certificate of insurance describing the coverage and specifying that the death benefit shall first be applied to reduce or extinguish the indebtedness shall be […]
§ 23-83-106. Association groups
(a) A policy can be issued to an association or to a trust or to the trustee or trustees of a fund established, created, or maintained for the benefit of members of one (1) or more associations. (b) The association shall have: (1) At the outset a minimum of one hundred (100) persons; (2) Been […]
§ 23-83-122. Notice as to conversion right
(a) If any individual insured under a group policy, excluding an annuity policy, hereafter delivered in this state becomes entitled under the terms of the policy to have an individual policy of life insurance issued to him or her without evidence of insurability, subject to making of application and payment of the first premium by […]
§ 23-83-101. Group contracts must meet group requirements
(a) Except when specifically provided otherwise, “policy” as used in this chapter shall include both life insurance and annuities. (b) (1) No policy shall be delivered in this state insuring the lives of more than one (1) individual with or without one (1) or more members of the family or one (1) or more dependents, […]
§ 23-83-102. Employee groups
A policy issued to an employer or to the trustees of a fund established by an employer, which employer or trustees shall be deemed the policyholder, to insure employees of the employer for the benefit of persons other than the employer, shall be subject to the following requirements: (1) (A) The employees eligible for insurance […]
§ 23-83-103. Labor union groups
A policy issued to a labor union or similar employer organization, which shall be deemed to be the policyholder, to insure members of the union or organization for the benefit of persons other than the union or organization or any of its officials, representatives, or agents, subject to the following requirements: (1) The members eligible […]