N.M. Admin. Code § 13.9.8.35

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.9.8.35 - 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.

N.M. Admin. Code § 13.9.8.35

12/1/85; Recompiled 11/30/01