§ 87.34. Describing policy as ‘‘units of participation.’’
A life insurance company, broker, agent, solicitor or representative may not describe a life insurance policy or premium payments therefor in terms of ‘‘units of participation,’’ unless accompanied by other language clearly indicating the reference to a life insurance policy or to premium payments, as the case may be.
Cross References This section cited in 31 Pa. Code § 87.21 (relating to scope).
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