11 CRR-NY 46.3NY-CRR
11 CRR-NY 46.3
11 CRR-NY 46.3
46.3 Definitions.
As used in this Part, the following terms shall have the following meanings:
(a) Coverage delay period means the amount of time from the effective date of coverage that unemployment is not covered.
(b) Employment means any service:
(1) for remuneration or wages; or
(2) under any contract of employment for hire, express or implied, written or oral; including service as a commissioned salesperson, service outside of this State including locations in a foreign country, agricultural labor, railroad service, and maritime service. The policy definition of employment may allow for any of the exclusions in section 511 of the Labor Law, other than the exclusions included in the Labor Law to prevent simultaneous payment of unemployment benefits from more than one governmental source.
(c) Identifiable charge means the amount the insurer collects from the policyholder and/or certificateholder specifically for an unemployment lapse protection benefit.
(d) Noncontributory coverage shall mean coverage where the premium is paid solely by the employer. Salary reduction contributions are regarded as employee contributions.
(e) Policy means an individual life insurance policy, group life insurance policy or certificate, fraternal benefit society certificate, or any rider/endorsement issued in connection with a policy or certificate.
(f) Unemployment means the lack of any employment or a reduction in hours of employment and/or income as specified in the policy and certificate form.
(g) Waiting period means the amount of time the insured is unemployed before benefits are payable.
(h) Waiver of charges benefit means a benefit that allows for the coverage to remain in force without the deduction from the policy's value of some or all of the required periodic charges.
(i) Waiver of premium benefit means a benefit that allows for the coverage to remain in force without otherwise required premiums being paid.
11 CRR-NY 46.3
Current through July 31, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.