Section .1200 ‑ Accelerated Benefits

Link to law: http://reports.oah.state.nc.us/ncac/title 11 - insurance/chapter 12 - life and health division/11 ncac 12 .1201.html
Published: 2015

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SECTION .1200 ‑ ACCELERATED BENEFITS

 

11 NCAC 12 .1201             PURPOSE AND APPLICATION

The purpose of this Section is to regulate accelerated

benefit provisions of individual and group life insurance policies and

annuities and to provide required standards of disclosure.  This Section

applies to all accelerated benefits provisions of individual and group life

insurance policies and annuities, except those subject to Article 55 of General

Statute Chapter 58, that are issued or delivered in this State on or after the

effective date of this Section.

 

History Note:        Authority G.S. 58‑2‑40; 58‑3‑150;

58‑7‑15(1); 58‑58‑1;

Eff. March 1, 1992.