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By Mr. Spellane of Worcester, petition (accompanied by bill, House, No. 1094) of Robert P. Spellane relative to group life insurance. Financial Services. |
The Commonwealth of Massachusetts
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PETITION OF:
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In the Year Two Thousand and Seven.
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Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by striking in line 2 the words “not less than ten employees at date of issue” and inserting in place thereof the following:-
employees
SECTION 2. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by striking in lines 15 through 21 the words “provided, that when part of the premium is to be derived from funds contributed by the insured employees and the benefits of the policy are offered to all eligible employees, not less than seventy-five per cent of such employees may be so insured, or not less than forty per cent if each employee belonging to the insured group has been medically examined and found acceptable for ordinary insurance by an individual policy” and inserting in place thereof the following:-
or wholly from funds contributed by the insured employee where the benefits under the policy are offered to all eligible employees of the employer, or all of any class or classes thereof determined by conditions pertaining to their employment, or by duration of service in which case no employee shall be excluded if he has been for one year or more in the employ of the employer, or for such period longer than one year as may be required by any pension plan under or in connection with which the policy is taken out, and insuring all of the eligible employees who contribute premium for amounts of insurance based upon some plan precluding individual selection, and for the benefit of persons other than the employer
SECTION 3. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by striking in lines 32 through 35 the words “provided, that when the premium is to be paid by the union or association and its members jointly and the benefits of the policy are offered to all eligible members, not less than seventy-five per cent of such members may be so insured” and inserting in place thereof the following:-
or wholly from funds contributed by the member of such union or association where the benefits under the policy are offered to all eligible members, or all of any class or classes thereof determined by conditions pertaining to their employment, or to membership in such union or association, or to both, an insuring all of the eligible members who contribute premium for amounts of insurance based upon some plan which will preclude individual selection, and for the benefit of persons other than the union or association or any officers thereof
SECTION 4. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by striking in line 37 and in lines 81 through 82 the words “any percentage of”.
SECTION 5. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended in lines 75 through 77 by striking the words “and insuring not less than fifty members at date of issue and seventy-five per cent of all persons eligible for membership therein,”.
SECTION 6. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding in line 85 after the words “one such association” the following:-
, provided further, however, that when the premium is to be paid wholly or partly from funds contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible members, then the policy shall insure those eligible members who contribute premium
SECTION 7. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding, in line 103 and line 108 after the words “specifically for their insurance,” the following:-
or wholly from funds contributed by the insured persons specifically for their insurance where the benefits under the policy are offered to all of the employees or members, or all of any class or classes thereof determined by conditions pertaining to their employment, or to membership in such union or association, or to both,
SECTION 8. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by striking in lines 113 through 120 the words “ provided that when part of the premium is to be contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible persons, not less than seventy-five per cent of such eligible employees of the employer or employers or of such eligible members of the union or unions or association or associations, who remit funds for premium payments to the trustees may be so insured; provided that the policy shall, at date of its issue, cover at least one hundred persons” and inserting in place thereof the following:-
, provided further, however, that when the premium is to be paid wholly or partly from funds contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible persons, then the policy shall insure those eligible employees or members who contribute premium
SECTION 9. Section 133 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by striking in lines 130 through 135 the words “provided, that when part of the premium is to be contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible persons, not less than seventy-five per cent of such eligible members may be so insured; provided, that the policy shall, at date of its issue, cover at least one hundred persons” and inserting in place thereof the following:-
, provided further, however, that when the premium is to be paid wholly or partly from funds contributed by the insured persons specifically for their insurance and the benefits of the policy are offered to all eligible members, then the policy shall insure those eligible members who contribute premium