This regulation shall supersede and fully replace any prior regulation concerning variable life insurance. This regulation is particularly intended to replace any provisions of Regulation No. 78-2 (Variable Contracts), Articles I through IX as they may pertain to variable life insurance. The provisions of Regulation 78-2 (Variable Contracts), Articles I through IX that regulate variable annuities remain undisturbed by this Regulation.
19 Miss. Code. R. 2-5.14