5 C.F.R. § 870.1202 Eligibility.
Title 5 - Administrative Personnel
(a) An employee is eligible to elect portability for Option B if: (1) His/her coverage is terminating due to separation or completion of 12 months in nonpay status; and (2) He/she has had Option B for the 5 years of service immediately before the date the coverage would otherwise terminate, or for the full period(s) of service during which he/she was eligible to have Option B, if less than 5 years. (b) If the employee has assigned his/her coverage as provided in subpart I of this part, it is the assignee who has the right to elect portability.
Title 5: Administrative Personnel
PART 870—FEDERAL EMPLOYEES' GROUP LIFE INSURANCE PROGRAM
Subpart L—Portability
§ 870.1202 Eligibility.
