Section 100. Waiver of premiums

Latest version.

The insurer may offer a waiver of premium for the accelerated benefit provision in the absence of a regular waiver of premium provision being in effect. At the time the benefit is claimed, the insurer shall explain any continuing premium requirement to keep the policy in force.

Historical Notes

Derived from Regulation 44, Case No. INS920076, § 11, eff. June 1, 1992.

Statutory Authority

§ 38.2-223 of the Code of Virginia.

                    
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