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;
Eff. March 1, 1992.