Code of Massachusetts Regulations
960 CMR - OFFICE OF THE STATE TREASURER AND RECEIVER GENERAL
Title 960 CMR 3.00 - Deferred Compensation
Section 3.08 - Life Insurance Provisions
Universal Citation: 960 MA Code of Regs 960.3
Current through Register 1531, September 27, 2024
Should any employee participating in the deferred compensation plan apply for life insurance protection to be purchased with deferred funds, and thereafter be refused such protection, or if such life insurance is thereafter canceled, the insurer shall remain in possession of such funds deferred for this purpose until the employee makes another election for investment of such funds.
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