20-1136. Accelerated payments of certain
benefits in life insurance policies


A. Notwithstanding any other provision of this title, any policy of life insurance
may provide, in accordance with the provisions of subsection B, for the acceleration of
death benefits in advance of the time such benefits would otherwise be payable upon the
occurrence of a terminal illness, a catastrophic illness, or eligibility for long-term
care.


B. The director may adopt rules regarding advertising, disclosure, benefit levels,
benefit eligibility, nonforfeiture, and reserves for the accelerated payment of death
benefits set forth under subsection A.