(3) A policy on which the premium is to be paid partly from funds
contributed by the insured employees or members specifically for their insurance may
be placed in force only if at least 75% of the eligible employees or 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 employees or members specifically for their insurance
must insure:

(i) all eligible employees or members; or

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

(d) (1) The policy must cover at date of issue at least 100 individuals and not
less than an average of five individuals per employer unit.

(2) If the fund is established by members of an association of employers,
the policy may be issued if:

(i) either:

1. the participating employers constitute at date of issue at
least 60% of those employer members whose employees are not already covered for
group life insurance; or

2. the total number of individuals covered at date of issue

exceeds 600; and

(ii) the policy may not require that, if a participating employer
discontinues membership in the association, the insurance of the employer's
employees ceases solely because of the discontinuance.

(e) The amounts of insurance under the policy must be based on a plan that
precludes individual choice by the employees or members or by the trustees,
employers, or unions.]

17-203.

(A) SUBJECT TO THE REQUIREMENTS OF THIS SECTION, A POLICY MAY BE
ISSUED TO A TRUST OR TO THE TRUSTEES OF A FUND ESTABLISHED OR ADOPTED BY
TWO OR MORE EMPLOYERS, OR BY ONE OR MORE LABOR UNIONS OR SIMILAR
EMPLOYEE ORGANIZATIONS, OR BY ONE OR MORE EMPLOYERS AND ONE OR MORE
LABOR UNIONS OR SIMILAR EMPLOYEE ORGANIZATIONS, WHICH TRUST OR
TRUSTEES SHALL BE DEEMED THE POLICYHOLDER, TO INSURE EMPLOYEES OF THE
EMPLOYERS OR MEMBERS OF THE UNIONS OR ORGANIZATIONS FOR THE BENEFIT OF
PERSONS OTHER THAN THE EMPLOYEES OR THE UNIONS OR ORGANIZATIONS.

(B) (1) THE PERSONS ELIGIBLE FOR INSURANCE SHALL BE ALL OF THE
EMPLOYEES OF THE EMPLOYERS OR ALL OF THE MEMBERS OF THE UNIONS OR
ORGANIZATIONS, OR ALL OF ANY CLASS OR CLASSES OF EMPLOYEES OR MEMBERS.