Group insurance definition

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”)
Group insurance means blanket insurance and franchise insurance and any other forms of group insurance.
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.

More Definitions of Group insurance

Group insurance means an insurance benefit that meets all the following conditions:
Group insurance means insurance cover obtained by a group of individuals, either through an employer or otherwise, under a single contract;
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 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. POLICIES is defined in Section 5.7(b)(i).
Group insurance means insurance cover obtained by a group of individuals, either
Group insurance. The Board shall offer a group medical insurance program, a group dental insurance program, and a group vision insurance program for all employees. After January 1, 2011 a maximum of five thousand nine hundred ninety-seven dollars and fifty-six cents ($5,997.56) will be contributed annually toward one (1) of the three (3) designated PPO options for a single plan. After January 1, 2011 if the teacher chooses PPO Family Plan 1, a maximum of nine thousand seventy-three dollars and no cents ($9,073.00) will be contributed annually toward the cost of a family plan. After January 1, 2011 if the teacher chooses PPO Family Plan 2, eight thousand nine hundred sixty-five dollars and no cents ($8,965.00) will be contributed annually toward the cost of a family plan. After January 1, 2011 if the teacher chooses PPO Family Plan 3, nine thousand one hundred thirty-three dollars and no cents ($9,133.00) will be contributed annually toward the cost of a family plan. After January 1, 2011 if a husband and wife are both full-time employees in the Plymouth Community School Corporation and they choose PPO Family Plan 1, fifteen thousand two hundred eighty-three dollars and twelve cents ($15,283.12) will be contributed annually toward a family plan. After January 1, 2011 if a husband and wife are both full-time employees in the Plymouth Community School Corporation and they choose PPO Family Plan 2, fourteen thousand one hundred thirty-one dollars and twelve cents ($14, 131.12) will be contributed annually toward a family plan. After January 1, 2011 if a husband and wife are both full-time employees in the Plymouth Community School Corporation and they choose PPO Family Plan 3, fifteen thousand nine hundred thirty-one dollars and twelve cents ($15,931.12) will be contributed annually toward a family plan. An employee can elect a single or family plan, but cannot elect both. The Board shall pay all cost for a Board sponsored group life insurance program. Each employee shall receive fifty thousand dollars ($50,000) single term life insurance coverage with accidental death and dismemberment benefits during the term of the contract. The Board shall pay all cost for a Board sponsored long-term disability insurance program for the 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 term of this contract. Th...