Minnesota Administrative Rules
Agency 120 - Commerce Department
Chapter 2750 - VARIABLE LIFE INSURANCE
Part 2750.0300 - QUALIFICATION OF INSURER TO ISSUE VARIABLE LIFE INSURANCE
Current through Register Vol. 49, No. 13, September 23, 2024
Subpart 1. Compliance with laws and grant of authority.
An insurer shall not deliver or issue for delivery in this state any variable life insurance policy unless it has complied with this chapter and Minnesota Statutes, sections 61A.13 to 61A.21, and the commissioner has granted the insurer the authority to issue variable life insurance policies in the state of Minnesota pursuant to Minnesota Statutes, section 61A.20.
Subp. 2. Required filing.
Before any insurer delivers or issues for delivery any variable life insurance policy in this state, it must file with the commissioner the information contained in items A to D for the consideration of the commissioner in making the determination required by Minnesota Statutes, section 61A.19:
Subp. 3. Applicability.
The requirements of this part apply to all insurers either seeking authority to issue variable life insurance in this state or having authority to issue variable life insurance in this state.
Statutory Authority: MS s 61A.20