The accelerated benefits provided by any policy subject to this chapter are life insurance benefits and are calculated primarily on the basis of mortality risks rather than morbidity risks.
Ohio Rev. Code Ann. § 3915.23
Accelerated benefits calculated on mortality risks
Effective: October 23, 1991; Latest Legislation: House Bill 16 - 119th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.