California Insurance Code

§ 10494.6

INS § 10494.6 Effective Jan 1, 2017Div. 2 · Part 2 · Ch. 5 · Art. 4

Statute text

Any employer who qualifies for a certificate of exemption under Section 10494.5 by virtue of which certificate he or she maintains a plan for furnishing disability benefits to his or her employees may, if he or she elects, make available for the related dependents of his or her employees, comprising spouses and dependent children who are not married or in registered domestic partnerships living in the same household, a supplemental plan of disability benefits containing any or all of the following benefits, hospital, surgical and medical; provided, that as to the supplemental plan the Insurance Commissioner finds that all of the following exist:

(a)The supplemental plan shall be separately stated, setting out all of the provisions of coverage.

(b)The plan shall set out the respective contributions of the employer and employees. All contributions of employees received or retained by the employer shall be trust funds and shall be separately accounted for by the employer and may not inure to the benefit of the employer in any manner whatsoever.

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Legislative history

Amended by Stats. 2016, Ch. 50, Sec. 61. (SB 1005) Effective January 1, 2017.