(a) A group family leave insurance policy must specify whether there is an unpaid waiting period.
(b) If a group family leave insurance policy contains an unpaid waiting period, the terms of the unpaid waiting period may include:
(1) whether the waiting period runs over a consecutive calendar day period;
(2) whether the waiting period is counted toward the annual allotment of family leave benefits or is in addition to the annual allotment of family leave benefits;
(3) whether the waiting period must be met only once per benefit year or must be met for each separate claim for benefits; and
(4) whether the insured may work or receive paid time off or other compensation by the employer during the waiting period.