Group insurance definition

Group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)
Group insurance means blanket insurance and franchise insurance and any other forms of group insurance.
Group insurance means insurance other than creditor’s group insurance and family insurance, whereby the lives or well-being, or the lives and well-being, of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

Examples of Group insurance in a sentence

  • For the retired employee, the hospital-surgical-medical coverage may be continued through the Group Insurance Plan.

  • Maintain fully paid Long-Term Disability Group Insurance Plan by the School District.

  • Continuation of any elected insurances shall be pursuant to the City's Group Insurance Eligibility Policy.

  • As long as the Town of Winthrop agrees to pay eighty-five 85% of the cost of the Group Insurance Health Plans and one-half (1/2) the cost of a $2,000 life insurance policy and a $2,000 accidental death and dismemberment policy, details of which are covered in a supplementary booklet, the School Department will deduct the employee’s share from payroll checks for participating members on receipt of the proper authorization.


More Definitions of Group insurance

Group insurance means insurance whereby the lives or well-being or the lives and well-being of a number of persons are insured severally under a single contract between an insurer and an association or an employer or other person; (“assurance-groupe”)
Group insurance as used in this section shall mean only a bona fide group program of life or disability or life and disability insurance where a master contract is held by the school district or an employee organization but it shall, nevertheless, include annuity programs authorized by Section 403(b) of the Internal Revenue Code when approved by the governing board.
Group insurance means an insurance benefit that meets all the following conditions:
Group insurance. A teacher on child care leave may participate in the group insurance coverage for which he/she is eligible provided in this Agreement.
Group insurance means insurance whereby the lives or health of a number of persons are insured severally under a single contract between an insurer and an employer or other person;
Group insurance means insurance, other than creditor's group insurance and family insurance, under which the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person;
Group insurance means insurance cover obtained by a group of individuals, either through an employer or otherwise, under a single contract;