[Code of Federal Regulations]
[Title 5, Volume 2]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR870.503]

[Page 398]
 
                    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. 870.503  Basic insurance: Cancelling a waiver.

    (a) An annuitant or compensationer who has filed a waiver of Basic 
insurance cannot cancel the waiver.
    (b) An employee who has filed a waiver of Basic insurance may cancel 
the waiver and become insured if:
    (1) At least 1 year has passed since the effective date of the 
waiver, and
    (2) He/she provides satisfactory medical evidence of insurability.
    (c) OFEGLI reviews the Request for Insurance filed by an employee 
who has compiled with paragraph (b) of this section and decides whether 
to approve it. The insurance is effective when, after OFEGLI's approval, 
the employee actually enters on duty in pay status in a position in 
which he/she is eligible for insurance. If the employee doesn't enter on 
duty in pay status within 31 days following the date of OFEGLI's 
approval, the approval is automatically revoked and the employee is not 
insured.
    (d) When an employee who has been separated from service for at 
least 180 days is reinstated on or after April 1, 1981, a previous 
waiver of Basic insurance is automatically cancelled. Unless the 
employee files a new waiver, Basic insurance becomes effective on the 
1st day he/she actually enters on duty in pay status in a position in 
which he/she is eligible for coverage. Exception: for employees who 
waived Basic insurance after February 28, 1981, separated, and returned 
to Federal service before December 9, 1983, the waiver remained in 
effect; these employees were permitted to elect Basic insurance by 
applying to their employing office before March 7, 1984.