ARTICLE 12



MASS
MERCHANDISING OF INSURANCE



 



§431:12-101  Definitions.  As used in
this article:



"Employees" includes compensated
officers, managers, and employees of a firm, corporation, partnership, sole
proprietor, trust, estate, or members of an unincorporated association or
nonprofit organization.  A mass merchandising agreement may provide that the
term "employees" shall include retired employees and the individual
proprietor, partners, or trustees, if the employer is an individual proprietor,
partnership, trust, or estate.



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



"Insurer" means an insurer authorized
to transact the business of motor vehicle, property, and casualty insurance in
the State.



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



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



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



"Mass merchandising agreement" means
an agreement between an insurer and an employer for the sale of insurance to
the 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 mass
merchandised, including terms, coverages, and premiums.



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



"Motor vehicle insurance" means an
insurance 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]