Account And Contract Termination

(1) A Designated Beneficiary may terminate his or her ABLE Account and Contract or a Designated Beneficiary’s Legal Representative may terminate a Designated Beneficiary’s ABLE Account and Contract at any time and for any reason upon a written request submitted to the State. In response to a written request for termination, a Refund will be paid to the Designated Beneficiary, Designated Beneficiary’s Legal Representative or any other Person designated to receive a Refund under the Contract. The actual termination of the ABLE ACHIEVING A BETTER LIFE EXPERIENCE PROGRAM CHAPTER 1700-08-01 Account and Contract will not occur until all funds in the Designated Beneficiary’s ABLE Account have been refunded.