Employer groups.

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  • (1) The lives of a group of individuals may be insured under a policy:
    • (a) issued as a policyholder, to:
      • (i) an employer; or
      • (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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