(2) THE POLICY MAY PROVIDE THAT THE TERM "EMPLOYEES" SHALL

INCLUDE:

(I) THE EMPLOYEES OF ONE OR MORE SUBSIDIARY
CORPORATIONS, AND THE EMPLOYEES, INDIVIDUAL PROPRIETORS, AND PARTNERS
OF ONE OR MORE AFFILIATED CORPORATIONS, PROPRIETORSHIPS, OR
PARTNERSHIPS IF THE BUSINESS OF THE EMPLOYER AND OF THE AFFILIATED
CORPORATIONS, PROPRIETORSHIPS, OR PARTNERSHIPS IS UNDER COMMON
CONTROL;

(II) THE INDIVIDUAL PROPRIETORSHIP PROPRIETOR OR PARTNERS
IF THE EMPLOYER IS AN INDIVIDUAL PROPRIETORSHIP OR PARTNERSHIP;

(III) RETIRED EMPLOYEES, FORMER EMPLOYEES, AND DIRECTORS
OF A CORPORATE EMPLOYER; AND

(IV) TRUSTEES OR THEIR EMPLOYEES, OR BOTH, IF THEIR DUTIES
ARE PRINCIPALLY CONNECTED WITH THE TRUSTEESHIP.

(C) (1) THE PREMIUM FOR THE POLICY SHALL BE PAID FROM FUNDS
CONTRIBUTED BY THE EMPLOYER OR EMPLOYERS OF THE INSURED PERSONS, OR BY
THE UNION OR UNIONS OR SIMILAR EMPLOYEE ORGANIZATIONS, OR BY BOTH, OR
FROM FUNDS CONTRIBUTED BY THE INSURED PERSONS OR FROM BOTH THE
INSURED PERSONS AND THE EMPLOYERS OR UNIONS OR SIMILAR EMPLOYEE
ORGANIZATIONS.

(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 PERSONS SPECIFICALLY FOR THEIR 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

[17-204.

(a) In this section, "professional association" means an association of persons
licensed by the State or otherwise authorized by law to engage in a recognized
profession.

(b) (1) Subject to the requirements of this section, the lives of a group of
individuals may be insured under a policy issued to the trustees of a fund established
by a professional association to cover members of the professional association for the
benefit of persons other than the professional association.

(2) The trustees to which the policy is issued are deemed the
policyholder.