§ 36-27B-4 — Group Life Insurance Authorized as Death Benefit

The Boards of Control are authorized to take such action as may be necessary to provide the death benefit under this section in the form of group life insurance upon determination that to do so would guarantee a more favorable tax treatment to the beneficiaries to whom such benefit is payable.

Legislative History

(Acts 1983, No. 616, p. 953, §4.)