39. An officer is entitled to $6,400 of life insurance payable to his estate. That amount is reduced by 50% for an officer holding a position of officer at less than 70% full-time.
Where an officer holds a position of officer with several employers and that those positions amount to more than 70% of full-time, he is deemed to be an officer holding a full-time position of officer.
The maximum amount of life insurance that an officer holding more than one position with several employers may receive is $6,400.