Section 10200 Of Chapter 2. Group Life Policies From California Insurance Code >> Division 2. >> Part 2. >> Chapter 2.

. Any life insurer may issue life, disability, term, and endowment insurance on the group plan, with or without annuities, and with premium rates less than the usual rates for such insurance. Such insurance under a franchise agreement or upon a wholesale basis may be written under rates more or less than the usual rates for such insurance.