Section 4214. Industrial accident and industrial health insurance

(a) In
  this chapter:
    (1) "Industrial  accident  insurance"  means  that  form  of  accident
  insurance  wherein  the  premium  is payable in the manner prescribed in
  subsection (a) of section four thousand two  hundred  thirteen  of  this
  article,  covering such risks as death, dismemberment, loss of eyesight,
  or loss of time, as a result of accidental means.
    (2) "Industrial health insurance" means that form of health  insurance
  wherein  the  premium  is payable in the manner prescribed in subsection
  (a) of section four thousand  two  hundred  thirteen  of  this  article,
  covering such risk as loss of time caused by illness or sickness.
    (b) Notwithstanding the foregoing provisions, on and after June first,
  nineteen  hundred  eighty, no policy designated or sold as an industrial
  accident insurance  or  industrial  health  insurance  policy  shall  be
  delivered  or issued for delivery in this state; provided, however, that
  this prohibition shall not prevent the delivery or issuance for delivery
  of a policy approved by the superintendent where the premium is  payable
  weekly  or  monthly and such policy is approvable under other provisions
  of this chapter.