[Code of Federal Regulations]
[Title 5, Volume 2, Parts 700 to 1199]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR870.502]

[Page 377]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
          CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT (Continued)
 
PART 870--FEDERAL EMPLOYEES' GROUP LIFE INSURANCE PROGRAM--Table of Contents
 
                           Subpart E--Coverage
 
Sec. 870.502  Basic insurance: Waiver/cancellation of insurance.

    (a) An insured individual may cancel his/her Basic insurance at any 
time by filing a waiver of Basic insurance coverage. An employee files 
with the employing office. An annuitant files with OPM or other office 
that administers his/her retirement system. If still employed, a 
compensationer files with the employing office, and if not still 
employed, with OPM. The waiver is effective, and the insurance stops, at 
the end of the pay period in which the waiver is properly filed. 
Exception: an individual who has assigned his/her insurance under 
subpart I of this part cannot cancel the insurance.
    (b) An individual who cancels his/her Basic insurance automatically 
cancels all forms of Optional insurance.