California Insurance Code

§ 10204.5

INS § 10204.5 Effective Jan 1, 2006Div. 2 · Part 2 · Ch. 2

Statute text

(a)In addition to the issuance of group life insurance to groups in this state as permitted elsewhere in this chapter, the commissioner may approve the issuance of group life insurance if the insurer or applicant proves to the satisfaction of the commissioner each of the following:

(1)The policy, when issued, covers no fewer than 10 eligible group members.

(2)There is a common enterprise or economic or social affinity or relationship among members of the group.

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Legislative history

Added by Stats. 2005, Ch. 174, Sec. 1. Effective January 1, 2006.