58-17-36 Option of insurer to define "valid loss of time coverage".
Option of insurer to define "valid loss of time coverage".
The insurer may, at its
option, include in the provision in § 58-17-34 a definition of "valid loss of time coverage," approved
as to form by the director, which definition shall be limited in subject matter to coverage provided
by governmental agencies or by organizations subject to regulation by insurance law or by insurance
authorities of this or any other state of the United States or any province of Canada, or to any other
coverage the inclusion of which may be approved by the director or any combination of such
coverages. In the absence of such definition such term shall not include any coverage provided for
such insured pursuant to any compulsory benefit statute, including any workers' compensation or
employer's liability statute, or benefits provided by union welfare plans or by employer or employee
Source: SL 1966, ch 111, ch 25, § 19 (2).