Maximum amount or percent of premiums to be contributed by employees under group life policies.

March 1, 1929 SUBJECT: INSURANCE WITHDRAWN The following is an excerpt from a Circular Letter issued by Superintendent of Insurance Albert Conway. It is currently in effect. March 1, 1929 Dear Sirs: Re: Proportion of Premiums to be Paid by Employees under Group Life Insurance Policies This is to advise that hereafter group life policy forms will be approved which provide for the payment of at least twenty-five per cent (25%) of the premiums by the employer, or which provide for the following maximum payments by employees: Rate at Which Maximum Contribution from Policy is Written Employees Per Thousand Monthly Weekly Standard 60 cents 14 cents Standard plus $ 1.00 70 cents 16 cents Standard plus $ 2.00 75 cents 17 cents Standard plus $ 3.00 or more 80 cents 18 cents The above ruling supersedes the ruling contained in Section 6 of this Department's letters of June 11th and 12th, 1926, to the group writing companies.