1190                            LAWS OF MARYLAND                      [CH. 553

stantial part of his time to the conduct of the business of the pro-
prietor or partnership. The policy may provide that the term "em-
ployees" shall include the trustees or their employees, or both, if
their duties are principally connected with such trusteeship.

(2)   The premium for the policy shall be paid by the trustees
wholly from funds contributed by the employer or employers of the
insured persons, or by the union or unions, or by both, or partly from
such funds and partly from funds contributed by the insured per-
sons. No policy may be issued on which the entire premium is to be
derived from funds contributed by the insured persons specifically
for their insurance. A policy on which part of the premium is to be
derived from funds contributed by the insured persons specifically
for their insurance may be placed in force only if at least seventy-
five percent (75%) of the then eligible persons, excluding any as to
whom evidence of individual insurability is not satisfactory to the
insurer, elect to make the required contributions. A policy on which
no part of the premium is to be derived from funds contributed by
the insured persons specifically for their insurance must insure all
eligible persons or all except any as to whom evidence of individual
insurability is not satisfactory to the insurer.

(3)   The policy must cover at date of issue at least one hundred
(100) persons and not less than an average of five (5) persons per
employer unit; and if the fund is established by the members of an
association of employers the policy may be issued if:

(i) Either

A.  The participating employers constitute at date of issue at least
sixty percent (60%) of those employer members whose employees are
not already covered for group life insurance, or

B.  The total number of persons covered at date of issue exceeds
six hundred (600); and

(ii) The policy shall not require that, if a participating employer
discontinues membership in the association, the insurance of his
employees shall cease solely by reason of such discontinuance.

(4)   The amounts of insurance under the policy must be based
upon some plan precluding individual selection either by the insured
persons or by the policyholder, employers, or unions.

421. Professional Association Groups.

The lives of a group of individuals may be insured under a policy
issued to the trustees of a fund established by an association of per-
sons licensed by the State of Maryland or authorized by law to engage
in a recognized profession, which trustees shall be deemed the policy-
holder, to insure members of an association of persons licensed by
the State of Maryland or authorized by law to engage in a recognized
profession, for the benefit of persons other than the association of
persons licensed by the State of Maryland or authorized by law to
engage in a recognized profession, subject to the following require-
ments :

(1) The persons eligible for insurance shall be all the members
of an association of persons licensed by the State of Maryland or
authorized by law to engage in a recognized profession, or all of any
class or classes thereof, determined by conditions pertaining to their