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The Vermont Statutes Online
Title
08
:
Banking and Insurance
Chapter
107
:
HEALTH INSURANCE
Subchapter
003
:
GROUP HEALTH INSURANCE TERMINATION AND REPLACEMENT
§
4091a. Definitions
As used in this
subchapter:
(1)
"Carrier" means an insurance company, a nonprofit medical or hospital
service corporation or a health maintenance organization which issues or
provides a group health insurance policy or subscriber contract.
(2) "Group
health insurance policy or subscriber contract" means a policy or contract
which meets the following conditions:
(A) Coverage is
provided through insurance policies or subscriber contracts to classes of
employees or members of an organization or group;
(B) The coverage
is not available to the general public and can be obtained and maintained only
because of the covered person's employment or membership in an organization or
group;
(C) There are
arrangements for bulk payment of premiums or subscription charges to the
insurer, nonprofit service corporation or health maintenance organization; and
(D) There is
sponsorship of the plan by the employer, organization or group. (Added 1989,
No. 113, § 2.)