376.432. Group-type basis, defined. - Missouri Statutes

Group-type basis, defined.

376.432. As used in sections 376.431 to 376.442, the term "group-typebasis" means a benefit plan, other than salary budget plans utilizingindividual insurance policies or contracts, which meets the followingconditions:

(1) Coverage is provided through insurance policies or contracts toclasses of employees or members defined in terms of conditions pertainingto employment or membership;

(2) The coverage is not available to the general public and can beobtained and maintained only because of the covered person's membership inor connection with the particular organization or group;

(3) There are arrangements for bulk payment of premiums orsubscription charges to the insurer or health services corporation; and

(4) There is sponsorship of the plan by the employer, union orassociation.

(L. 1985 H.B. 623, A.L. 1999 H.B. 903)