509.4 Employees of common employer — rates. An insurer may issue policies of individual life, accident, health, hospital, medical, or surgical insurance or any combination thereof at reduced rates to employees of a commonemployer including the state, a county, school district, city, or institution supported in wholeor in part by public funds, but the number of employees to be insured must be more thanone. The premium for such policies may be paid wholly or in part by the employer. Ifsuch policies shall provide term life insurance renewable only during the continuance ofemployment with the employer they shall also provide for conversion to a level premium lifepolicy substantially in accordance with the provisions of section 509.2, subsection 8. [C24, 27, 31, §8675, 8678; C35, §8684-e1, -e5; C39, §8684.01, 8684.05; C46, §509.1, 509.5; C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §509.4] 2015 Acts, ch 29, §72 Sat Dec 23 00:41:42 2023 Iowa Code 2024, Section 509.4 (19, 0)
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