CA AB1373

Expands the definition of "employees" in group life insurance policies to include classes of former employees and retired employees, in addition to current employees, officers, managers, and affiliated workers.

Requires group life insurance policies to apply the same application period and notice requirements to classes of former employees and retired employees as those required for current employees under Section 10209.

Extends coverage eligibility for group life insurance issued to trustees of funds (established by employers, trade associations, labor unions, or combinations thereof) to include classes of former employees and retired employees.

Maintains existing restrictions that only officers, managers, employees for compensation, or classes of former employees and retired employees of the policyholder or affiliated entities may become insured under a group policy.