W. Va. Code R. § 114-11D-8

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-11D-8 - Applications

8.1. The application for a variable life insurance policy shall contain:

8.1.a. A prominent statement that the death benefit may be variable or fixed under specified conditions;

8.1.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); and

8.1.c. Questions designed to elicit information that enables the insurer to determine the suitability of variable life insurance for the applicant.

W. Va. Code R. § 114-11D-8