28 Tex. Admin. Code § 4.1508

Current through Reg. 49, No. 44; November 1, 2024

Section 4.1508 - Application

The application for a variable life contract must 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); and

(3) questions designed to elicit information that enables the insurer to determine the suitability of variable life insurance for the applicant.

28 Tex. Admin. Code § 4.1508

Adopted by Texas Register, Volume 49, Number 03, January 19, 2024, TexReg 0259, eff. 1/24/2024