New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter III. Policy and Certificate Provisions |
Subchapter A. Life, Accident and Health Insurance |
Part 46. Unemployment Lapse Protection Benefit for Life Insurance |
Sec. 46.9. Policies with flexible premium payments
Latest version.
- 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.