31 Pa. Code § 82.62. Applications.

§ 82.62. Applications.

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 a specified minimum guarantees.
   (3)  Questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.

Source

   The provisions of this §  82.62 adopted August 4, 1978, effective September 5, 1978, 8 Pa.B. 2171; corrected June 30, 1989, effective retroactive to April 29, 1989, 19 Pa.B. 2754. Immediately preceding text appears at serial page (137056).

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