210 Neb. Admin. Code, ch. 15, § 008

Current through September 17, 2024

Section 210-15-008 - Applications

The application for a variable life insurance policy shall contain:

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

008.02 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);

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

210 Neb. Admin. Code, ch. 15, § 008