W. Va. Code R. § 114-11A-1
Current through Register Vol. XLI, No. 50, December 13, 2024
Section 114-11A-1 - General1.1. The purpose of this rule is to require insurers to deliver to purchasers of life insurance information that will improve the buyer's ability to select the most appropriate plan of life insurance for the buyer's needs and improve the buyer's understanding of the basic features of the policy which has been purchased or is under consideration. This rule is based on the National Association of Insurance Commissioners' "Life Insurance Disclosure Model Regulation" (Model 580), as amended in 2000.1.2. This rule does not prohibit the use of additional material that is not a violation of this rule or any other West Virginia statute or rule.1.3. Authority. -- W. Va. Code §§ 33-2-10 and 33-11-6.1.4. Filing Date. -- May 5, 2008.1.5. Effective Date. -- August 1, 2008.W. Va. Code R. § 114-11A-1