# NY Insurance Circular Letter (1929-03-01): Maximum amount or percent of premiums to be contributed by employees under group life policies

> New York · Agency guidance · Rescinded

URL: https://www.frixlaw.com/law-library/statutes/NY_CL_CL1929_0301_NN

## Section

- **Citation:** NY Insurance Circular Letter (1929-03-01)
- **Heading:** Maximum amount or percent of premiums to be contributed by employees under group life policies
- **Jurisdiction:** New York
- **Kind:** Agency guidance
- **Status:** Rescinded
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York DFS Insurance Circular Letters / Maximum amount or percent of premiums to be contributed by employees under group life policies.

## Text

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WITHDRAWN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.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/NY_CL_CL1929_0301_NN. Check the current official text before relying on it. Not legal advice.