210 Neb. Admin. Code, ch. 76, § 005
Current through September 17, 2024
In order to assure that viators receive a reasonable return for viaticating an insurance policy, the return for viaticating a policy shall be no less than the following payouts for insureds who are terminally or chronically ill:
Insured's Life Expectancy | Minimum Percentage of Face Value Less Outstanding Loans Received by Viator |
Less than 6 months | [80%] |
At least 6 but less than 12 months | [70%] |
At least 12 but less than 18 months | [65%] |
At least 18 but less than 24 months | [60%] |
Twenty-four months or more | [50%] |
The percentage may be reduced by [5%] for viaticating a policy written by an insurer rated less than the highest [4] categories by A.M. Best, or a comparable rating by another rating agency.
210 Neb. Admin. Code, ch. 76, § 005