La. Admin. Code tit. 37 § XIII-1507
Current through Register Vol. 50, No. 9, September 20, 2024
Section XIII-1507 - Assignee/BeneficiaryA. Prior to the payment of the accelerated benefit, the insurer is required to obtain from any assignee or irrevocable beneficiary a signed acknowledgment of concurrence for payout. If the insurer making the accelerated benefit is itself the assignee under the policy, no such acknowledgment is required.La. Admin. Code tit. 37, § XIII-1507
Promulgated by the Department of Insurance, Office of the Commissioner, LR 18:1409 (December 1992).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:644.