OAR 836-051-0350: Waiver of Premium

(1) An insurer may offer a waiver of premium as part of the accelerated benefit provision in the absence of a regular waiver of premium provision. (2) When an accelerated benefit is included in an individual term policy or an individually-paid group certificate, the accelerated benefit provision must include a waiver of premium provision for any remaining face amount. (3) A term rider shall not be affected by the payment of the accelerated benefit if premiums continue to be paid for the rider.