(a) I Maga’håga/Maga’låhi is authorized to enter into contracts with one or more insurance companies authorized to do business in Guam for home mortgage insurance for all employees or separate groups of employees of the government of Guam. (b) All participation by employees in such contracts of home mortgage insurance shall be on a voluntary basis. The government of Guam shall also provide payroll deductions for the payment of premiums. (c) Employees as used in this Section includes officers and retired employees and survivors of retired employees who are receiving annuity benefits.
COL 2026-04-23
SOURCE: § 4154 GCA, originally added as § 4020.2 GC by P.L. 12-213:2 (Jan. 29, 1975); renumbered to § 4154 GCA by P.L. 16-023:14 (Aug. 11, 1981). 2024 NOTE: Reference to the “Governor” replaced with I Maga’håga/Maga’låhi pursuant to 5 GCA § 1510.