Section 60.32. Group life insurance coverage for employees under a private pension plan.

  Any insured employee who becomes an annuitant under a private pension plan and who retires before attaining age 65 but who has 20 years of service for the employer, may continue to be insured under the group life insurance plan if:

(1)  The employee requests the continuation of the insurance by filing a form provided by the department with the employer within 60 days after termination of employment from the employer and agrees to pay the required premiums until reaching age 65; and

(2)  The employer provides confirmation, to the department, of 20 years service.

Cr. Register, February, 1983, No. 326 , eff. 3-1-83; r. (1), renum. (2) (intro.), (a) and (b) to be (intro.), (1) and (2), Register, September, 1986, No. 369 , eff. 10-1-86.