28 Tex. Admin. Code § 3.808

Current through Reg. 49, No. 49; December 6, 2024

Section 3.808 - Application

The application for a variable life contract 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 any specified minimum guarantees);

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

28 Tex. Admin. Code § 3.808

The provisions of this §3.808 adopted to be effective June 5, 1985, 10 TexReg 1676.