N.Y. Comp. Codes R. & Regs. tit. 11 § 46.9

Current through Register Vol. 46, No. 45, November 2, 2024

Section 46.9 - Policies with flexible premium payments

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.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 46.9