AN ACT RELATIVE TO GROUP LIFE INSURANCE.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
SECTION 1. Section 133 of chapter 175 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by striking out, in line 2, the words “not less than ten employees at date of issue” and inserting in place thereof the following word:- employees.
SECTION 2. Said section 133 of said chapter 175, as so appearing, is hereby further amended by striking out, in lines 15 to 21, inclusive, the words “provided, that when part of the premium is to be derived from funds contributed by the insured employees and the benefits of the policy are offered to all eligible employees, not less than seventy-five per cent of such employees may be so insured, or not less than forty per cent if each employee belonging to the insured group has been medically examined and found acceptable for ordinary insurance by an individual policy” and inserting in place thereof the following words:- or wholly from funds contributed by the insured employee where the benefits under the policy are offered to all eligible employees of the employer, or all of a class thereof determined by conditions pertaining to their employment, or by duration of service in which case no employee shall be excluded if he has been employed by the employer for 1 year or more, or for such period longer than 1 year as may be required by a pension plan under, or in connection with, which the policy is taken out and insuring all of the eligible employees who contribute premium for amounts of insurance based upon some plan precluding individual selection and for the benefit of persons other than the employer.
SECTION 3. Said section 133 of said chapter 175, as so appearing, is hereby further amended by striking out, in lines 32 to 35, inclusive, the words “provided, that when the premium is to be paid by the union or association and its members jointly and the benefits of the policy are offered to all eligible members, not less than seventy-five per cent of such members may be so insured” and inserting in place thereof the following words:- or wholly from funds contributed by the member of such union or association where the benefits under the policy are offered to all eligible members, or all of a class thereof determined by conditions pertaining to their employment or to membership in such union or association, or both, and insuring all of the eligible members who contribute premium for amounts of insurance based upon some plan which will preclude individual selection and for the benefit of persons other than the union or association or any officers thereof.
SECTION 4. Said section 133 of said chapter 175, as so appearing, is hereby further amended by striking out, in line 37, and in lines 81 and 82, the words “any percentage of”.
SECTION 5. Said section 133 of said chapter 175, as so appearing, is hereby further amended by striking out, in lines 75 to 77, inclusive, the words “and insuring not less than fifty members at date of issue and seventy-five per cent of all persons eligible for membership therein,”.
SECTION 6. Said section 133 of said chapter 175, as so appearing, is hereby further amended by inserting after the word “association”, in line 85, the following words:- ; provided, however, that when the premium is to be paid wholly or partly from funds contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible members, then the policy shall insure those eligible members who contribute premium.
SECTION 7. Said section 133 of said chapter 175, as so appearing, is hereby further amended by inserting after the words “their insurance”, in lines 103 and 108, each time it appears, the following words:- or wholly from funds contributed by the insured persons specifically for their insurance where the benefits under the policy are offered to all of the employees or members, or all of a class thereof determined by conditions pertaining to their employment or to membership in such union or association, or both,.
SECTION 8. Said section 133 of said chapter 175, as so appearing, is hereby further amended by striking out, in lines 113 to 120, inclusive, the words “provided that when part of the premium is to be contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible persons, not less than seventy-five per cent of such eligible employees of the employer or employers or of such eligible members of the union or unions or association or associations, who remit funds for premium payments to the trustees may be so insured; provided that the policy shall, at date of its issue, cover at least one hundred persons” and inserting in place thereof the following words:- ; provided, however, that when the premium is to be paid wholly or partly from funds contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible persons, then the policy shall insure those eligible employees or members who contribute premium.
SECTION 9. Said section 133 of said chapter 175, as so appearing, is hereby further amended by striking out, in lines 130 to 135, inclusive, the words “provided, that when part of the premium is to be contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible persons, not less than seventy-five per cent of such eligible members may be so insured; provided, that the policy shall, at date of its issue, cover at least one hundred persons” and inserting in place thereof the following words:- ; provided, however, that when the premium is to be paid wholly or partly from funds contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible members, then the policy shall insure those eligible members who contribute premium.
Approved January 15, 2009