Insurance Law 4214 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 4213 Industrial life insurance up ARTICLE 42 Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies next SECTION 4215 Contracts with industrial life insurance agents; prohibitions Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 4214 Industrial accident and industrial health insurance Insurance (ISC) CHAPTER 28, ARTICLE 42 § 4214. Industrial accident and industrial health insurance. (a) In this chapter: (1) "Industrial accident insurance" means that form of accident insurance wherein the premium is payable in the manner prescribed in subsection (a) of section four thousand two hundred thirteen of this article, covering such risks as death, dismemberment, loss of eyesight, or loss of time, as a result of accidental means. (2) "Industrial health insurance" means that form of health insurance wherein the premium is payable in the manner prescribed in subsection (a) of section four thousand two hundred thirteen of this article, covering such risk as loss of time caused by illness or sickness. (b) Notwithstanding the foregoing provisions, on and after June first, nineteen hundred eighty, no policy designated or sold as an industrial accident insurance or industrial health insurance policy shall be delivered or issued for delivery in this state; provided, however, that this prohibition shall not prevent the delivery or issuance for delivery of a policy approved by the superintendent where the premium is payable weekly or monthly and such policy is approvable under other provisions of this chapter.