[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR870.502]

[Page 394-395]
 
                    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

[[Page 395]]

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.