N.Y. Comp. Codes R. & Regs. tit. 11 § 46.9
Current through Register Vol. 46, No. 43, October 23, 2024
If the policy allows for flexible premium payments, then the maximum amount to be waived for a period may not exceed the greater of the smallest premium that will keep the policy from lapsing until the end of that period and the amount of premium needed to satisfy the no-lapse guarantee, if any, that expires next.
N.Y. Comp. Codes R. & Regs. Tit. 11 § 46.9