Iowa Code 509.4 – Employees of common employer — rates
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 509.4
- Continuance: Putting off of a hearing ot trial until a later time.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
509.4 Employees of common employer — rates.
An insurer may issue policies of individual life, accident, health, hospital, medical, or surgical insurance or any combination thereof at reduced rates to employees of a common employer including the state, a county, school district, city, or institution supported in whole or in part by public funds, but the number of employees to be insured must be more than one. The premium for such policies may be paid wholly or in part by the employer. If such policies shall provide term life insurance renewable only during the continuance of employment with the employer they shall also provide for conversion to a level premium life policy substantially in accordance with the provisions of § 509.2, subsection 8.
[C24, 27, 31, §8675, 8678; C35, §8684-e1, -e5; C39, §8684.01, 8684.05; C46, §509.1, 509.5;
C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §509.4]
2015 Acts, ch 29, §72
An insurer may issue policies of individual life, accident, health, hospital, medical, or surgical insurance or any combination thereof at reduced rates to employees of a common employer including the state, a county, school district, city, or institution supported in whole or in part by public funds, but the number of employees to be insured must be more than one. The premium for such policies may be paid wholly or in part by the employer. If such policies shall provide term life insurance renewable only during the continuance of employment with the employer they shall also provide for conversion to a level premium life policy substantially in accordance with the provisions of § 509.2, subsection 8.
[C24, 27, 31, §8675, 8678; C35, §8684-e1, -e5; C39, §8684.01, 8684.05; C46, §509.1, 509.5;
C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §509.4]
2015 Acts, ch 29, §72