§4091a. Definitions

Link to law: http://legislature.vermont.gov/statutes/section/08/107/04091a
Published: 2015

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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.)
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