An insurer, hospital or medical service corporation, or a fraternal benefit society may not issue group long-term care insurance to an association or a trust or the trustee of a fund established, created, or maintained for the benefit of members of one or more associations, unless the association or the insurer of the association files evidence with the director that the association has
(1) a minimum of 100 members;
(2) been organized and maintained in good faith for purposes other than that of obtaining insurance;
(3) been in active existence for at least one year; and
(4) a constitution and by-laws that require
(A) the association to hold regular meetings not less than annually to further purposes of the members;
(B) except for credit unions, the association to collect dues or solicit contributions from members; and
(C) the members to have voting privileges and representation on the governing board and committees.
Section: Previous 21.53.010 21.53.020 21.53.030 21.53.040 21.53.050 21.53.060 21.53.062 21.53.064 21.53.066 21.53.068 21.53.070 21.53.080 21.53.090 21.53.200 NextLast modified: November 15, 2016