D.C. Mun. Regs. tit. 26, r. 26-A2730

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

Rule 26-A2730 - APPLICATIONS

2730.1

The 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.

D.C. Mun. Regs. tit. 26, r. 26-A2730

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