41-2024. "EMPLOYEE LIFE INSURANCE" DEFINED. (1) "Employee life insurance" is that plan of life insurance, other than salary savings life insurance or pension trust insurance and annuities, under which individual policies are issued to the employees of any employer and the employer, or to the members of a professional association or its employees and where such policies are issued on the lives of not less than four (4) persons at date of issue. Premiums for such policies shall be paid either wholly from the employer’s or member’s funds, or funds contributed by him, or partly from such funds and partly from funds contributed by the insured employees.
(2) Any group which is eligible for "group disability insurance" under section 41-2202, Idaho Code, will be eligible for employee life insurance under section 41-2024, Idaho Code.
History:
[41-2024, added 1961, ch. 330, sec. 489, p. 645; am. 1974, ch. 85, sec. 1, p. 1176; am. 1975, ch. 207, sec. 3, p. 575.]
Structure Idaho Code
Chapter 20 - GROUP LIFE INSURANCE
Section 41-2001 - SCOPE OF CHAPTER — SHORT TITLE.
Section 41-2002 - GROUP CONTRACTS MUST MEET GROUP REQUIREMENTS.
Section 41-2003 - EMPLOYEE GROUPS.
Section 41-2004 - LABOR UNION GROUPS.
Section 41-2005 - DEBTOR GROUPS.
Section 41-2006 - PUBLIC EMPLOYEE GROUPS.
Section 41-2007 - TRUSTEE GROUPS.
Section 41-2008 - CREDIT UNION GROUPS.
Section 41-2009 - DEPENDENTS’ COVERAGE.
Section 41-2010 - PROVISIONS REQUIRED IN GROUP CONTRACTS.
Section 41-2011 - GRACE PERIOD.
Section 41-2012 - INCONTESTABILITY.
Section 41-2013 - APPLICATION — STATEMENTS DEEMED REPRESENTATIONS.
Section 41-2014 - INSURABILITY.
Section 41-2015 - MISSTATEMENT OF AGE.
Section 41-2016 - PAYMENT OF BENEFITS.
Section 41-2017 - CERTIFICATE.
Section 41-2018 - CONVERSION ON TERMINATION OF ELIGIBILITY.
Section 41-2019 - CONVERSION ON TERMINATION OF POLICY.
Section 41-2020 - DEATH PENDING CONVERSION.
Section 41-2021 - NOTICE AS TO CONVERSION RIGHT.
Section 41-2022 - READJUSTMENT OF PREMIUM.
Section 41-2023 - APPLICATION OF DIVIDENDS — RATE REDUCTIONS.