Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-32 - VARIABLE LIFE INSURANCE
Rule 120-2-32-.09 - Applications
Universal Citation: GA Rules and Regs r 120-2-32-.09
Current through Rules and Regulations filed through March 20, 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 insurance for the applicant.
O.C.G.A. Secs. 33-2-9, 33-11-36.
Disclaimer: These regulations may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
