Minn. R. 2750.4200

Current through Register Vol. 48, No. 51, June 17, 2024

Part 2750.4200 - APPLICATIONS

The application for a variable life insurance policy shall contain:

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

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

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

Minn. R. 2750.4200

Statutory Authority: MS s 61A.20