ambulance service organization to cover the registered members of the organization
for the benefit of persons other than the organization.

(2) The volunteer fire, rescue squad, or ambulance service organization
to which the policy is issued is deemed the policyholder.

(b) All registered members of a volunteer fire, rescue squad, or ambulance
service organization are eligible for insurance under a policy issued in accordance
with this section.

[(c) (1) The volunteer fire, rescue squad, or ambulance service organization
shall pay the premium for the policy:

(i) wholly from the funds of the volunteer fire, rescue squad, or
ambulance service organization; or

(ii) partly from the funds of the volunteer fire, rescue squad, or
ambulance service organization and partly from funds contributed by the insured
members of that organization specifically for their insurance.

(2) A policy may not be issued on which the entire premium is to be paid
from funds contributed by the insured members specifically for their insurance.

(3) A policy on which the premium is to be paid partly from funds
contributed by the insured members specifically for their insurance may be placed in
force only if at least 75% of the eligible members, other than those who have evidence
of individual insurability that is unsatisfactory to the insurer, elect to make the
required contributions.

(4) A policy on which no part of the premium is paid from funds
contributed by the insured members specifically for their insurance must insure:

(i) all eligible members; or

(ii) all eligible members other than those who have evidence of
individual insurability that is unsatisfactory to the insurer.]

' (C) (1) THE PREMIUMS FOR THE POLICY SHALL BE PAID FROM FUNDS
CONTRIBUTED BY THE VOLUNTEER FIRE, RESCUE SQUAD, OR AMBULANCE SERVICE
ORGANIZATION OR FUNDS CONTRIBUTED BY THE INSURED MEMBERS OR FROM
BOTH.

(2) EXCEPT AS PROVIDED IN PARAGRAPH (3) OF THIS SUBSECTION, A
POLICY ON WHICH NO PART OF THE PREMIUM IS TO BE DERIVED FROM FUNDS
CONTRIBUTED BY THE INSURED MEMBER SPECIFICALLY FOR THE INSURANCE MUST
INSURE ALL ELIGIBLE PERSONS, EXCEPT THOSE WHO REJECT THE COVERAGE IN
WRITING,

(3) AN INSURER MAY EXCLUDE OR LIMIT THE COVERAGE ON ANY
PERSON AS TO WHOM EVIDENCE OF INDIVIDUAL INSURABILITY IS NOT
SATISFACTORY TO THE INSURER