ARTICLE 12

MASSMERCHANDISING OF INSURANCE

 

§431:12-101  Definitions.  As used inthis article:

"Employees" includes compensatedofficers, managers, and employees of a firm, corporation, partnership, soleproprietor, trust, estate, or members of an unincorporated association ornonprofit organization.  A mass merchandising agreement may provide that theterm "employees" shall include retired employees and the individualproprietor, partners, or trustees, if the employer is an individual proprietor,partnership, trust, or estate.

"Employer" includes any firm,corporation, partnership, sole proprietorship, trust, estate, andunincorporated association or nonprofit organization; it also includes theState, any county, any municipal corporation, and any governmental unit,agency, or department thereof.

"Insurer" means an insurer authorizedto transact the business of motor vehicle, property, and casualty insurance inthe State.

"Mass merchandise" means to sell and"mass merchandising" means a sale of insurance wherein:

(1)  The insurance is offered to employees ofparticular employers, and

(2)  The employer has agreed to, or otherwiseaffiliated itself with, the sale of such insurance to its employees.

"Mass merchandising agreement" meansan agreement between an insurer and an employer for the sale of insurance tothe employees of the employer on a mass merchandising basis.

"Mass merchandising plan" or"plan" means a program, design, or scheme of the insurance to be massmerchandised, including terms, coverages, and premiums.

"Motor vehicle" means a vehicle of atype required to be registered under chapter 286, including a vehicle with lessthan four wheels or a trailer.

"Motor vehicle insurance" means aninsurance policy and optional additional insurance as defined in article 10C.[L 1987, c 347, pt of §2; am L 1997, c 251, §55; am L 2003, c 212, §100]