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”)

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• The Employees' Group Insurance Advisory Committee shall determine the acceptable policy as it pertains to predetermined substance abuse.

• Employees covered by the District’s insurance plan(s) upon retiring from the District may elect to remain in the Group Insurance Program at the rates applicable to the entire group.

• A copy of the plan document for the Oklahoma State and Education Employees Group Insurance Program is available in the Insurance Administration Office.

• Any unutilized portion of the Group Insurance Fund Pool for certificated employees of the SPS shall be computed by the SPS based on the 12/01 payroll, with adjustments made for projected changes in certificated employees’ participation in group insurance programs.

• It is the intent of SPS as per agreement with the SEA to provide the SPS’s contribution to the Group Insurance Fund for certificated employees of the SPS to the fullest extent allowed by the Group Insurance Fund Pool.

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 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 cover obtained by a group of individuals, either through an employer or otherwise, under a single contract;

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. 4.1. A teacher, who has been employed the previous 12 months in the District, on a leave of absence which is covered under the provisions of the Family and Medical Leave Act may participate, for a period not to exceed 12 weeks, in the group insurance coverage provided in this Agreement under the same conditions as if the employee had continued in continuous employment during the duration of the leave. 4.2. After 12 weeks the eligible teacher may participate by paying 100% of the premium cost in advance each month. 4.3. Participation in such group insurance coverages will end no later than the end of the 12 months following termination of the pregnancy unless the teacher has been reemployed as a full-time teacher by the School District.

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;