An insurable interest beneficiary is eligible for an annuity under this subpart upon the death of a retiree if the retiree had elected (under § 842.606 of this chapter) to receive an insurable interest rate with the insurable interest beneficiary as his or her survivor.
source: 52 FR 2074, Jan. 16, 1987, unless otherwise noted.
cite as: 5 CFR 843.502