Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 300 - VARIABLE LIFE INSURANCE RULE
Article IV - Definitions
Section 031-300-IV-16 - Variable Death Benefit
Universal Citation: 02 ME Code Rules ยง 031-300-IV-16
Current through 2024-38, September 18, 2024
"Variable death benefit" means the amount of the death benefit, other than incidental insurance benefits, payable under a variable life insurance policy dependent on the investment performance of the separate account, which the insurer would have to pay in the absence of any minimum death benefit.
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