Section 10202 Of Chapter 2. Group Life Policies From California Insurance Code >> Division 2. >> Part 2. >> Chapter 2.
10202
. 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.
That insurance may be issued either with or without medical
examinations.