2017 Missouri Revised Statutes
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 376 Life, Health and Accident Insurance
Section 376.432 Group-type basis, defined.
Effective 28 Aug 1999
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 376376.432. Group-type basis, defined. — As used in sections 376.431 to 376.442, the term "group-type basis" means a benefit plan, other than salary budget plans utilizing individual insurance policies or contracts, which meets the following conditions:
(1) Coverage is provided through insurance policies or contracts to classes of employees or members defined in terms of conditions pertaining to employment or membership;
(2) The coverage is not available to the general public and can be obtained and maintained only because of the covered person's membership in or connection with the particular organization or group;
(3) There are arrangements for bulk payment of premiums or subscription charges to the insurer or health services corporation; and
(4) There is sponsorship of the plan by the employer, union or association.
(L. 1985 H.B. 623, A.L. 1999 H.B. 903)
