DIY Legal Forms

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Approve Life Insurance Benefits

WHEREAS, it is the decision of the Board of Directors that the availability of a group life program is in the best interests of the Corporation as it will encourage improved employee relations and aid in the recruitment and retention of valuable employees and serve generally as a benefit to employees, be it

RESOLVED, that the Corporation purchase and acquire group insurance for those employees entitled to participate in said benefit in that said employee has been employed by the Corporation for at least (--) years, that the amount of insurance coverage be $------ per employee, and that the entire cost of said insurance be borne by the Corporation. It is

RESOLVED FURTHER, that the President of the Corporation obtain said insurance from such insurance firm or firms which in the President's judgment is most satisfactory.

The undersigned hereby certifies that [Name] is the duly elected and qualified Secretary and the custodian of the books and records and seal of [Name], a corporation duly formed pursuant to the laws of the State of [State], and that the foregoing is a true record of a resolution duly adopted at a meeting of the Board of Directors, and that said meeting was held in accordance with state law and the Bylaws of the above named Corporation on [Date], and that said resolution is now in full force and effect without modification or rescission.

IN WITNESS WHEREOF, I have executed my name as Secretary and have hereunto affixed the corporate seal of the above named Corporation on [Date].

A True Record.