Who is responsible for applying for and maintaining a group life insurance policy?

In the context of group life insurance, the responsibility for applying for and maintaining the policy typically lies with the master policyowner. The master policyowner is usually an entity such as an employer or an organization that holds the policy on behalf of a group of individuals, such as employees or members. This entity manages the contract with the insurance company, ensuring compliance with policy terms, facilitating premium payments, and handling any necessary communications regarding the coverage.

This role is essential because the master policyowner acts as the intermediary between the insurer and the insured group. They ensure that all eligible members are informed about the policy’s benefits and coverage details, and they also manage any administrative aspects, such as enrollment and changes to the policy over time.

In contrast, the other options mentioned do not typically have the authority or responsibility to apply for and maintain the insurance policy. The company attorney may provide legal assistance but does not hold or maintain the policy. A union shop steward may represent union members but usually lacks the authority to manage insurance policies directly. The insurer is responsible for providing the coverage and fulfilling claims, but they do not manage the policy in the way that the master policyowner does.