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 section 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
Structure Iowa Code
Section 509.1 - Form of policy.
Section 509.2 - Provisions as part of group life policy.
Section 509.3 - Provisions as part of accident or health policy.
Section 509.3A - Creditable coverage.
Section 509.4 - Employees of common employer — rates.
Section 509.5 - Authorized companies.
Section 509.6 - Approval of commissioner.
Section 509.7 - Grounds for revocation of authority.
Section 509.8 - Foreign policies.
Section 509.9 - Foreign companies.
Section 509.10 - Other provisions in policies.
Section 509.11 - Voting by policyholders.
Section 509.12 - Proceeds exempt from execution.
Section 509.14 - Group insurance on franchise plan.
Section 509.15 - Assignment of policy.
Section 509.16 - Premium rates approved.
Section 509.17 - Guidelines for rates.
Section 509.18 - Prohibited deposit in financial institution.