5 CFR 870.906
§ 870.906 Cancellation of insurance.
United States · 5 CFR — Administrative Personnel · Status: effective
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- Citation
- 5 CFR 870.906, § 870.906 Cancellation of insurance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/8757
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Full text
(a) The right to cancel (or reduce) insurance transfers to the assignee; the insured individual cannot cancel (or reduce) insurance after making an assignment.
(b) The assignee has the right to cancel insurance according to the provisions of §§ 870.502 and 870.505. When there is more than one assignee, all assignees must agree to the cancellation. A cancellation of Basic insurance also cancels all Optional insurance.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.