Delaware Administrative Code
Title 18 - Insurance
1200 - Life Insurance and Annuities
1205 - Variable Life Insurance [Formerly Regulation 44]
Section 1205-8.0 - Applications
Universal Citation: 18 DE Admin Code 1205-8.0
Current through Register Vol. 28, No. 3, September 1, 2024
8.1 The application for a variable life insurance policy shall contain:
8.2 a prominent statement that the death benefit may be variable or fixed under specified conditions;
8.3 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);
8.4 questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.
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