Employers have no obligation under Ohio law to offer life insurance to their employees. However, under OH Rev. Code Sec. 3917.01, if group life insurance is among the benefits offered to workers, certain minimum requirements must be satisfied.
Group characteristics. The group to be insured must consist of no fewer than 10 people. The group must include all employees belonging to the class defined as eligible for coverage and based on sex, age, or conditions pertaining to the employment.
The policy may provide that “employees” include retired employees and the officers, managers, employees, and retired employees of subsidiary or affiliated corporations and the individual proprietors, partners, employees, and retired employees of affiliated individuals and firms, when the subsidiary or affiliate is controlled by the common employer through stock ownership, contract, or otherwise.
Beneficiary. The employee may name anyone except the employer as beneficiary.
Employer/employee contributions. Employers are required to make some contribution toward the cost of group insurance. If employees are expected to pay any part of the cost, 75 percent of the group to be insured must elect coverage.
Conversion. Employees, as well as their spouses and minor children, are guaranteed the right to convert group coverage to an individual policy in the event that the group member's employment is terminated or the member ceases for any other reason to be a part of the class eligible for coverage. If the group policy terminates or is amended so as to terminate the insurance of any class of insured persons, every person whose insurance terminated and who had been insured under the policy for at least 5 years is ...