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§ 870.1003 Coverage and amount of insurance

Regulation

5 CFR 870.1003

Text

7 passages

5 CFR 870.1003(a)(a) An individual is covered under this subpart when the U.S. Department of State determines that the individual is eligible under section 599C of Pub. L. 101-513 (104 Stat. 2035).
5 CFR 870.1003(b)(1)(b)(1) The amount of Basic life insurance for these individuals is the amount specified in § 870.202, subject to the applicable conditions stated in this subpart.
5 CFR 870.1003(b)(2)(2) The BIA under § 870.202 is the amount of the payment specified in section 599C(b)(2) of Pub. L. 101-513 (104 Stat. 2035), rounded to the next higher $1,000, plus $2,000.
5 CFR 870.1003(c)(c) Individuals who have Basic insurance under this section also have group accidental death and dismemberment insurance.
5 CFR 870.1003(d)(d) Individuals insured by this subpart are not eligible for Optional insurance.
5 CFR 870.1003(e)(e) Individuals insured by this subpart are not considered employees for the purpose of this part.
5 CFR 870.1003(f)(f) Eligibility for insurance under this subpart depends on the availability of funds under section 599C(e) of Pub. L. 101-513 (104 Stat. 2035).