Current through Register Vol. 55, No. 1, January 4, 2025
Section 82.62 - ApplicationsThe application for a variable life insurance policy shall contain:
(1) A prominent statement that the death benefit may be variable or fixed under specified conditions.(2) A prominent statement that cash values may increase or decrease in accordance with the experience of the separate account, subject to a specified minimum guarantees.(3) Questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.The provisions of this § 82.62 adopted August 4, 1978, effective 9/5/1978, 8 Pa.B. 2171; corrected June 30, 1989, effective retroactive to April 29, 1989, 19 Pa.B. 2754.