Section 26-A2730. APPLICATIONS

Latest version.

2730.1The application for a variable life insurance policy shall contain:

(a)A prominent statement that the death benefit may be variable or fixed under specified conditions;

(b)A prominent statement that cash values may increase or decrease in accordance with the experience of the separate account (subject to any specified minimum guarantees);

(c)Questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.

source

Final Rulemaking published at 42 DCR 1047(February 24, 1995).

                    
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