California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 11 - Separate Account or Accounts-Variable Contracts
Section 2525.2 - Definitions

(a) The term "variable contract," when used in these regulations shall mean any policy or contract which provides for life insurance or annuity benefits which vary according to the investment experience of any separate account or accounts maintained by the insurer as to such policy or contract, in accordance with Section 10506 of the Insurance Code. A policy or contract providing fixed annuity benefits during the annuity payment period shall be deemed to be a "variable contract" if the amount of such benefits depends, prior to the commencement date of the annuity payments, upon the investment experience of any separate account or accounts maintained for such policy or contract.

(b) "Agent," when used in these regulations, shall mean any person licensed as a life and disability or life only agent under the provisions of Chapter 5 (commencing with Section 1621), Part 2, Division 1, of the Insurance Code, more particularly defined in Section 1626 thereof.

(c) "Variable contract agent," when used in these regulations, shall mean an agent licensed to transact, or required to be licensed to transact, variable life insurance or variable annuity contracts by Article 16 (commencing with Section 1758.1), Chapter 5, Part 2, Division 1, of the Insurance Code.