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36-27B-4
Section 36-27B-4 Group life insurance authorized as death benefit. The Boards of Control are
authorized to take such action as may be necessary to provide the death benefit under this
section in the form of group life insurance upon determination that to do so would guarantee
a more favorable tax treatment to the beneficiaries to whom such benefit is payable. (Acts
1983, No. 616, p. 953, §4.)...
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27-18-15
Section 27-18-15 Employee life insurance. "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
where such policies are issued on the lives of not less than three employees at date of issue.
Premiums for such policies shall be paid by the employer or the trustee of a fund established
by the employer either wholly from the employer's funds, or funds contributed by him, or partly
from such funds and partly from funds contributed by the insured employees or from funds contributed
wholly by the insured employees. (Acts 1971, No. 407, p. 707, §421.)...
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6-10-8
Section 6-10-8 Rights of beneficiaries and assignees under life insurance policies. If a policy
of insurance, whether heretofore or hereafter issued, is effected by any person on his or
her own life or on another life in favor of a person other than himself or herself or, except
in cases of transfer with intent to defraud creditors, if a policy of life insurance is assigned
or in any way made payable to any such person, the lawful beneficiary or assignee thereof,
other than the insured or the person so effecting such insurance, or his or her executors
or administrators, shall be entitled to its proceeds and avails against the creditors and
representatives of the insured and of the person effecting the same, whether or not the right
to change the beneficiary is reserved or permitted and whether or not the policy is made payable
to the person whose life is insured if the beneficiary or assignee shall predecease such person;
provided, that subject to the statute of limitations, the amount...
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27-14-6
Section 27-14-6 Application for policy - Requirement; reliance by insurer; admissibility into
evidence; alterations. (a) No life or disability insurance contract upon an individual, except
a contract of group life insurance or of group or blanket disability insurance, shall be made
or effectuated unless at the time of the making of the contract the individual insured, being
of competent legal capacity to contract, applies therefor or has consented thereto, except
in the following cases: (1) A spouse may effectuate such insurance upon the other spouse;
(2) Any person having an insurable interest in the life of a minor or any person upon whom
a minor is dependent for support and maintenance may effectuate insurance upon the life of,
or pertaining to, such minor; and (3) Family policies may be issued insuring any two or more
members of a family on an application signed by either parent, a stepparent or by a husband
or wife; (b) An insurer shall be entitled to rely upon all statements,...
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27-15-25
Section 27-15-25 Contestability of reinstated policies. A reinstated policy of life insurance
or annuity contract may be contested on account of fraud or misrepresentation of facts material
to the reinstatement only for the same period following reinstatement and with the same conditions
and exceptions as the policy provides with respect to contestability after original issuance.
(Acts 1967, No. 181, p. 543; Acts 1971, No. 407, p. 707, §370.)...
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27-54-5
Section 27-54-5 Implementation of coverage. (a) A group health benefit plan, policy, or contract
that provides coverage for the services to be offered pursuant to this chapter may contain
provisions for maximum benefits and coinsurance and limitations, deductibles, exclusions,
and utilization review protocols to the extent that these provisions are not inconsistent
with the requirements of this chapter. (b) The issuer of a group health benefit plan, policy,
or contract may either disclose the additional premium for such additional mental health benefits
to the prospective contract holder and allow the contract holder to elect such additional
benefits on an optional basis; or conform its policies, contracts, or certificates issued
on and after January 1, 2001, and adjust its premium costs to reflect the additional benefit
costs. (Act 2000-386, p. 605, §6.)...
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27-56-7
Section 27-56-7 Applicability to certain providers. (a) This chapter does not require and shall
not be construed to require any insurance policy, plan, or contract to provide health care
coverage for eye care. The provisions of this chapter are applicable only to those insurance
policies, plans, or contracts which provide coverage for eye care. (b) Insurers or other issuers
of any insurance policy, plan, or contract which provides coverage for eye care shall continue
to be able to establish and apply selection criteria and utilization protocols for health
care providers as well as credentialing criteria used in the selection of providers. (c) This
chapter does not require and shall not be construed to require the coverage of eye care services
by providers who are not designated as covered providers, or who are not selected as participating
providers, by an insurance policy, plan, or contract, or the issuer thereof having a participating
network of service providers. Provided, however,...
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27-14-17
Section 27-14-17 Construction of policies. (a) Every insurance contract shall be construed
according to the entirety of its terms and conditions as set forth in the policy and as amplified,
extended, or modified by any rider, endorsement, or application which is a part of the policy.
(b) A clause in any policy of life insurance, including burial insurance, providing that such
policy shall be incontestible after a specified period shall preclude only a contest of the
validity of the policy and shall not preclude the assertion at any time of defenses based
upon provisions in the policy which exclude or restrict coverage, whether or not such restrictions
or exclusions are excepted in such clause. (Acts 1971, No. 407, p. 707, §330.)...
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27-36A-10
Section 27-36A-10 Minimum reserves. (a) In no event shall a company's aggregate reserves for
all life insurance policies, excluding disability and accidental death benefits, issued on
or after January 1, 1972, be less than the aggregate reserves calculated in accordance with
the methods set forth in Sections 27-36A-8, 27-36A-9, 27-36A-12, and 27-36A-13 and the mortality
table or tables and rate or rates of interest used in calculating nonforfeiture benefits for
the policies. (b) In no event shall the aggregate reserves for all policies, contracts, and
benefits be less than the aggregate reserves determined by the qualified actuary to be necessary
to render the opinion required by Section 27-36A-4. (Act 2016-411, §2.)...
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27-57-6
Section 27-57-6 Additional benefit costs. (a) The issuer of a group health benefit plan, policy,
or contract may either disclose the additional premium for such additional colorectal examination
benefits to the prospective contract holder and allow the contract holder to elect such additional
benefits on an optional basis; or conform its policies, contracts, or certificates issued
on or after August 1, 2004, and adjust its premium cost to reflect the additional benefit
cost. (b) Employer sponsors of group health benefit plans are not required to purchase the
additional benefits for colorectal examinations that are offered pursuant to this chapter.
(Act 2004-502, p. 969, §6.)...
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