- (a) Group health insurance offered to a resident of this State under a group health insurance policy issued to a group other than those described in §§ 3502-3508 of this title shall be subject, where applicable, to the requirements of subsections (b)-(e) of this section.
(b) No such group health insurance policy shall be delivered or coverage offered in this State unless the Commissioner finds that:
- (1) The issuance of such group policy is not contrary to the best interest of the public;
- (2) The issuance of the group policy would result in economies of acquisition or administration;
- (3) The benefits are reasonable in relation to the premiums charged; and
- (4) The group is not affiliated with or controlled by (as those terms are defined in Chapter 50 of this title) an insurer unless approved by the Commissioner.
- (c) No such group health insurance coverage may be offered in this State by an insurer under a policy issued in another state unless this State or another state having requirements substantially similar to those contained in paragraphs (b)(1)-(4) of this section has made a determination that such requirements have been met.
- (d) The premium for the policy shall be paid either from the policyholders’ funds or from funds contributed by the covered persons or from both.
- (e) An insurer may exclude or limit the coverage on any person as to whom evidence of individual insurability is not satisfactory to the insurer.
66 Del. Laws, c. 175, § 1; 70 Del. Laws, c. 104, §§ 1-4