This rule applies to individual accident and health policies providing a deferred benefit payable at the expiration date of the policy or after a specified date(s) based upon an amount equal to all or a stated portion, not less than 80%, of the total premiums paid on the policy, reduced by all or a specified portion, not less than 20%, of the total claims paid under the policy.

Authority: T.C.A. §§56—1—701 and 56—26—114. Administrative History: Original rule filed May 27, 1976; effective June 28, 1976.