Section 58-24-45.1 - Group insurance marketing permitted-ConditionsAn insurer may market insurance through a group insurance or mass marketing plan, franchise, or blanket policy for any line of insurance regulated under this chapter if:
(1) The insured group was not formed solely for the purpose of purchasing insurance; and(2) The premium is paid or collected by:(a) An employer, labor union, or the trustee of a fund established by the employer or labor union;(b) The trustee of a fund established by two or more employers in the same industry, or related industries;(c) Two or more labor unions or an association which have been in existence for one or more years and which have a constitution and bylaws; or(d) A wireless telecommunications provider from its customers and the premium is for insurance covering wireless telecommunications equipment.SL 1979, ch 341, § 12; SL 2008, ch 270, §1; SL 2014, ch 239, §12.Amended by S.L. 2014, ch. 239,s. 12, eff. 7/1/2014.