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c. Verify Cash Surrender Value With the Company if: • The cash surrender value table has expired; or • Total resources of the budget unit at application is $1200 or greater; or • The a/b disagrees with the value established by the table. K. Determine Countable Value of Insurance 1. Count the CSV of all policies owned by the a/b and the financially responsible spouse/parent when the total face value of all policies which generate a cash surrender value owned by each exceeds $10,000. 2. Cash Surrender Value of Non-participating Policy may be obtained from: • Cash surrender value table printed on the policy; • Direct contact with the company; or • For applications only, client’s statement. 3. Participating Policy a. Always use the original face value (when the policy was issued) to determine if CSV is countable (if total face value of all policies owned by an individual is $10,000 or less the CSV is not countable). Ignore additional face value purchased with dividend additions. b. For “graded policies” (those with a graduated face value printed on the original policy), use the face value for the year in which the eligibility is being determined. c. Dividend additions used to increase the CSV of a participating policy are part of the CSV of the policy and are countable if face value of all policies which generate a CSV exceeds $10,000. d. Applications If total face value of all policies which generate a CSV exceeds $10,000 for an individual, use the increased CSV if the amount is known by the a/b (accept his statement if the total resources do not exceed $1200) or can be verified by a copy of the annual premium notice or by contact with the insurance company prior to disposition of the application. (1) If third party verification is requested, do not pend the application for verification of the increased CSV. (2) When verification is received, if the additional CSV which was available at application is still available and causes ineligibility, propose termination and inform the beneficiary of possible ways to 95