Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-113 - ACCELERATED BENEFIT PROVISIONS OF INDIVIDUAL AND GROUP LIFE INSURANCE POLICIES
Section 482-1-113-.09 - Waiver Of Premiums
Universal Citation: AL Admin Code R 482-1-113-.09
Current through Register Vol. 42, No. 11, August 30, 2024
The insurer may offer a waiver of premium for the accelerated benefit provision in the absence of a regular waiver of premium provision being in effect. At the time the benefit is claimed, the insurer shall explain any continuing premium requirement to keep the policy in force.
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, § 27-2-17.
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