D.C. Mun. Regs. tit. 26, r. 26-A2707

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 26-A2707 - REPORTS TO THE COMMISSIONER

2707.1

An insurer authorized to transact the business of variable life insurance in the District shall submit to the Commissioner, in addition to any other materials which may be required by this regulation or any other applicable laws or regulations:

(a) An Annual Statement of the business of its variable life insurance separate account or accounts in such forms as may be prescribed by the National Association of Insurance Commissioners; and

(b) Prior to the use in the District any information furnished to applicants as provided for in Section 2729; and

(c) Prior to the use in the District the form of any of the Reports to Policyholders as provided for in 2731; and

(d) Such additional information concerning its variable life insurance operations or its separate accounts as the Commissioner shall deem necessary.

2707.2

Any material submitted to the Commissioner under this section shall be disapproved if it is found to be false, misleading, deceptive or inaccurate in any material respect and, if previously distributed, the Commissioner shall require the distribution of amended material.

D.C. Mun. Regs. tit. 26, r. 26-A2707

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