18 Del. Admin. Code § 1201-2.0

Current through Register Vol. 28, No. 5, November 1, 2024
Section 1201-2.0 - Definitions

"Agent" when used in this Regulation, shall mean any individual, firm, or corporation, which under the laws of this State is licensed as a life insurance agent, or solicitor, general lines agent, or life insurance broker, as said terms are defined in 18 Del.C. Ch. 17.

"Variable Contract" when used in this Regulation, shall mean any policy or contract, whether on an individual or group basis, which provides for insurance or annuity benefits which may vary according to the investment experience of any separate account or accounts maintained by the insurer as to such policy or contract, as provided for in 18 Del.C. § 2932.

"Variable Contract Agent" when used in this Regulation, shall mean an agent who shall be licensed by this Department to sell or offer to sell any variable contract.

18 Del. Admin. Code § 1201-2.0