N.Y. Comp. Codes R. & Regs. tit. 11 § 46.6

Current through Register Vol. 46, No. 43, October 23, 2024

Section 46.6 - Optional individual and group life coverage, disclosure of cost

(a) In the case of an individual policy or a certificate issued under a group life insurance policy other than a noncontributory policy, the unemployment lapse protection benefit shall be offered only as an optional benefit.

(b) The identifiable charge for the unemployment lapse protection benefit shall be set forth separately from all other premiums/charges in the application and the policy and certificate schedule pages and, if applicable, the rider and endorsement forms.

(c) Where the unemployment lapse protection benefit is offered as a rider or endorsement to in-force coverage, the rider or endorsement or schedule shall set forth the effective date of the unemployment lapse protection benefit.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 46.6