11 CRR-NY 46.9NY-CRR
11 CRR-NY 46.9
11 CRR-NY 46.9
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.
11 CRR-NY 46.9
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.