Employer groups.
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Law
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Utah Code
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Insurance Code
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Contracts in Specific Lines
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Group Life Insurance
- Employer groups.
- (1) The lives of a group of individuals may be insured under a policy:
- (a) issued as a policyholder, to:
- (ii) an employer sponsored trust for the benefit of the employer's employees;
- (b) having an insurable interest as stated in Subsection 31A-21-104(3)(d); and
- (c) subject to the requirement of Subsection 31A-21-104(3)(d)(v).
- (2) A policy issued under this section is not subject to:
- (a) Section 31A-21-311; and
- (b) Sections 31A-22-516 through 31A-22-522.
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