La. Admin. Code tit. 37 § XIII-8313

Current through Register Vol. 50, No. 6, June 20, 2024

Section XIII-8313 - Applications

A. The 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 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.

La. Admin. Code tit. 37, § XIII-8313

Promulgated by the Department of Insurance, Commissioner of Insurance, LR 11:701 (July 1985).

AUTHORITY NOTE: Promulgated in accordance with Title 22, Section 2 of the Insurance Laws of Louisiana.