§ 4236. Joint underwriting of group health insurance for persons aged\nsixty-five and over. (a) It is the concern of the legislature that many\nresidents of this state of advanced years do not have readily available\nto them health insurance adequate to their needs. It is the\nlegislature's intent to encourage and facilitate the writing of such\ninsurance by private insurers on a non-profit group basis in order to\nmake available to such persons broader coverage at lower rates than is\npossible on a regular commercial basis. It is, therefore, the purpose of\nthe legislature to authorize and regulate, in the public interest,\ncooperative action among such insurers in the preparation and issuance\nof policies of health insurance, the making of rates to be charged\ntherefor and other matters within the scope of this section.\n (b) In this section, unless the context otherwise requires,\n (1) "Association" means a voluntary unincorporated non-profit\nassociation formed for the sole purpose of enabling cooperative action\nto provide health insurance in accordance with this section.\n (2) "Health insurance" means hospital, surgical and medical expense\ninsurance, provided by a group health insurance policy or contract\nissued in accordance with this section.\n (3) "Insurer" means any insurance company authorized to do the\nbusiness of accident and health insurance in this state.\n (4) "Insured" means a person covered under a group policy or contract\nissued pursuant to this section.\n (c) (1) Notwithstanding any other provision of this chapter or of any\nother law which may be inconsistent herewith, any insurer may join with\none or more other insurers, on a uniform basis with respect to premium\nrates, policy provisions, commissions and other matters within the scope\nof this section, to offer, sell and issue to a policyholder group health\ninsurance covering residents of this state who are sixty-five years of\nage or older and the spouses of such residents.\n (2) Such insurance may also cover an employer's non-resident employees\nand non-resident retired employees sixty-five years of age or older and\ntheir spouses, provided such employees are regularly employed within\nthis state or were so employed at the time of their retirement.\n (3) Such insurance may be offered, issued and administered jointly by\ntwo or more such insurers through an association formed by such insurers\nsolely for the purpose of offering, selling, issuing and administering\nsuch insurance in accordance with this section. Membership in such\nassociation shall be open to any insurer.\n (d) (1) Such association shall offer health insurance coverage to all\nresidents of this state who are sixty-five years of age or over and\ntheir spouses, subject to reasonable underwriting restrictions to be set\nforth in the plan of the association.\n (2) Such coverage may consist of one or more of the following types:\n(i) basic hospital and surgical coverage, (ii) basic medical coverage,\n(iii) major medical coverage, and any combination of those types;\nprovided, however, that if coverage of the first or second type is\noffered, it shall not be required as a condition of obtaining same that\ncoverage of the third type also be obtained.\n (e) (1) Such association shall file with the superintendent its plan\nfor offering, selling, issuing and administering health insurance which\nplan shall be subject to his approval as conforming to the purpose and\nrequirements of this section, and any policy, contract, certificate or\nother evidence of insurance, application or other forms pertaining to\nsuch insurance together with the premium rates to be charged therefor.\n (2) No such policy, contract, certificate or other evidence of\ninsurance, application or other form shall be sold, issued or used and\nno endorsement shall be attached to or printed or stamped thereon unless\nthe form thereof and the premium rates to be charged therefor shall have\nbeen approved by the s
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