§ 58-51-90. Definition of franchise accident and health insurance. - North Carolina Statutes

§58‑51‑90.  Definition of franchise accident and health insurance.

Accident and health insuranceon a franchise plan is hereby declared to be that form of accident and healthinsurance issued to five or more employees of any corporation, copartnership orindividual employer or any governmental corporation, agency or departmentthereof, or 10 or more members of any trade or professional association or of alabor union or of any other association where such association or union has aconstitution or bylaws and is formed in good faith for purposes other than thatof obtaining insurance, where such persons, with or without their dependents,are issued the same form of an individual policy varying only as to amounts andkinds of coverage applied for by such persons, under an arrangement whereby thepremiums on such policies may be paid to the insurer periodically by theemployer, with or without payroll deductions, or by the association for itsmembers, or by some designated person acting on behalf of such employer orassociation.  The provisions of this section shall not be construed so as torepeal G.S. 58‑51‑75 and 58‑51‑80 or any parts thereof.(1947, c. 721; 1961, c. 646.)