Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 82 - VARIABLE LIFE INSURANCE
REPORTS TO POLICYHOLDERS
Section 82.74 - Warning statements for flexible premium policies

Universal Citation: 31 PA Code ยง 82.74
Current through Register Vol. 54, No. 44, November 2, 2024

For flexible premium policies, a report shall be sent to the policyholder if the amounts available under the policy on a policy processing day to pay the charges authorized by the policy are less than the amount necessary to keep the policy in force until the next following policy processing day. The report shall indicate the minimum payment required under the terms of the policy to keep it in force and the length of the grace period for payment of that amount.

This section cited in 81 Pa. Code § 82.17 (relating to reports to the Commissioner); 31 Pa. Code § 82.24 (relating to mandatory policy provisions); 31 Pa. Code § 82.25 (relating to policy loan provisions); and 31 Pa. Code § 82.71 (relating to mailing).

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