Reduced rate permitted for life or health insurance policies or annuity contracts on payroll deduction plan.

Checkout our iOS App for a better way to browser and research.

58-33-21. Reduced rate permitted for life or health insurance policies or annuity contracts on payroll deduction plan.

Nothing in §§58-33-14 and 58-33-15 shall be construed as including within the definition of discrimination or rebates, issuing life or health insurance policies or annuity contracts on a salary savings or payroll deduction plan or other distribution plan at reduced rate reasonably commensurate with the savings made by the use of such plan.

Source: SL 1966, ch 111, ch 13, §15 (5).


Download our app to see the most-to-date content.