Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 760. DEPARTMENT OF INSURANCE |
Article 760IAC1. GENERAL PROVISIONS |
Rule 760IAC1-48. Standards for Accelerated Benefit Provisions of Individual and Group Life Insurance Policies and Required Disclosure |
Section 760IAC1-48-7. Effective date of the accelerated benefits
Latest version.
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(a) The contract shall provide that the accelerated benefit provision shall be effective for accidents occurring on or after the effective date of the policy or rider.
(b) The contract shall provide that the accelerated benefit provision is effective for illnesses occurring after a period of not longer than thirty (30) days following the effective date of the policy or rider. (Department of Insurance; 760 IAC 1-48-7; filed Feb 23, 1993, 5:00 p.m.: 16 IR 1823; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed Nov 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA)