1(1) 2No group long-term care insurance policy shall be delivered or issued for delivery in this state insuring more than one individual unless issued to one of the following groups:
31(a) 32One or more employers or labor organizations, or a trust or the trustees of a fund established by one or more employers or labor organizations, or a combination thereof, for employees or former employees or a combination thereof, or for members or former members or a combination thereof, of such employers or labor organizations.
86(b) 87Any professional, trade, or occupational association for its members or former or retired members, or a combination thereof, if such association:
1081. 109Is composed of individuals all of whom are or were actively engaged in the same profession, trade, or occupation; and
1292. 130Has been maintained in good faith for purposes other than obtaining insurance.
142(c) 143An association or a trust or the trustees of a fund established, created, or maintained for the benefit of members of one or more associations, which association or associations:
1721. 173Have at the outset a minimum of 100 persons;
1822. 183Have been organized and maintained in good faith for purposes other than that of obtaining insurance;
1993. 200Have been in active existence for at least 1 year; and
2114. 212Have a constitution and bylaws which provide that:
220a. 221The association or associations hold regular meetings not less than annually to further purposes of the members;
238b. 239Except for credit unions, the association or associations collect dues or solicit contributions from members; and
255c. 256The members have voting privileges and representation on the governing board and committees.
269(d) 270A group other than as described in paragraph (a), paragraph (b), or paragraph (c), subject to a determination by the office that:
2921. 293The issuance of the group policy is not contrary to the best interest of the public;
3092. 310The issuance of the group policy would result in economies of acquisition or administration; and
3253. 326The benefits are reasonable in relation to the premiums charged.
336(2) 337No group long-term care policy may be issued or issued for delivery in this state to any of the groups specified in subsection (1) unless all members of the group, or all of any class or classes thereof, are declared eligible and acceptable to the insurer at the time of issuance of the policy or unless the policy is issued to a policyholder who is sponsoring the policy without contributing premiums to it.
410(3) 411Prior to advertising, marketing, or soliciting a group long-term care insurance policy in this state, the insurer shall demonstrate to the office that the requirements of this section have been met pursuant to the filing procedures specified in s. 450627.410451.
History.-ss. 1, 2, ch. 88-57; s. 2, ch. 89-239; s. 114, ch. 92-318; s. 1238, ch. 2003-261.
