GroundRules
14VAC5-70-60: Assignee/beneficiary
Where this section sits in the code
- Title 14. Insurance
- Agency 5. State Corporation Commission, Bureau of Insurance
- Chapter 70. Rules Governing Accelerated Benefits Provisions
Prior to the payment of the accelerated benefit, the insurer is required to 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.
Collected 2026-09-14T04:51:49Z. Source file · JSON