18 Del. Admin. Code § 1205-8.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 1205-8.0 - Applications

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

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

8.3 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);

8.4 questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.

18 Del. Admin. Code § 1205-8.0