Connecticut Administrative Code
Title 38a - Insurance Department
433 - Variable Life Insurance
Section 38a-433-8 - Applications
Universal Citation: CT Reg of State Agencies 38a-433-8
Current through March 14, 2024
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 any specified minimum guarantees);
(3) questions designed to elicit information which enables the insurer to determine the suitability of variable life.
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