North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 12 - LIFE AND HEALTH DIVISION
Section .1200 - ACCELERATED BENEFITS
Section 12 .1204 - ASSIGNEE/BENEFICIARY
Universal Citation: 11 NC Admin Code 12 .1204
Current through Register Vol. 39, No. 6, September 16, 2024
Before the payment of any accelerated benefit, the insurer shall obtain from any assignee or irrevocable beneficiary a signed acknowledgement of concurrence for payment. If the insurer paying the accelerated benefit is the assignee under the policy, no such acknowledgement is required.
Authority
G.S.
58-2-40;
58-3-150;
58-7-15(1);
58-58-1;
Eff. March 1,
1992;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. May 1, 2018.
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