Life Insurance Policies
What forms of individual policy may a converting member obtain under section 3220?
Answer and explanation
Answer: B. Section 3220 offers a policy of life insurance in any form the insurer customarily issues other than term, with the alternative of one year of term insurance followed by conversion to a permanent form. Continuing the group term itself is not the privilege.Source: N.Y. Ins. Law § 3220 — § 3220
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