Statutes, codes, and regulations
Indiana Administrative Code
Title 760 - DEPARTMENT OF INSURANCEArticle 1 - GENERAL PROVISIONS
Rule 760 IAC 1-48 - Standards for Accelerated Benefit Provisions of Individual and Group Life Insurance Policies and Required Disclosure
Section 760 IAC 1-48-4 - Assignee; beneficiary

760 Ind. Admin. Code 1-48-4

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Current through December 12, 2024
Section 760 IAC 1-48-4 - Assignee; beneficiary

Authority: IC 27-1-3-7

Affected: IC 27-1-12

Sec. 4.

Prior to the payment of the accelerated benefit, the insurer must obtain from any assignee or irrevocable beneficiary a signed acknowledgement of concurrence for payout. If the insurer making the accelerated benefit is itself the assignee under the policy, no such acknowledgement is required.

760 IAC 1-48-4

Department of Insurance; 760 IAC 1-48-4; filed Feb 23, 1993, 5:00 p.m.: 16 IR 1822; 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 November 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA
Readopted filed 11/19/2019, 9:18 a.m.: 20191218-IR-760190497RFA