New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter A - Life, Accident and Health Insurance
Part 46 - Unemployment Lapse Protection Benefit For Life Insurance
Section 46.1 - Purpose
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 46.1
Current through Register Vol. 46, No. 39, September 25, 2024
This Part establishes minimum standards for benefit levels, benefits eligibility and exclusion, and premium levels relating to additional benefits authorized under section 1113 (a)(1) of the Insurance Law for unemployment lapse protection benefits for life insurance. The unemployment lapse protection benefit includes waiver of premium benefits and waiver of charge benefits. This Part also provides advertising and disclosure requirements for unemployment lapse protection benefits for life insurance.
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