Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 15 - VARIABLE LIFE INSURANCE CONTRACTS
Section 210-15-008 - Applications
Universal Citation: 210 NE Admin Rules and Regs ch 15 ยง 008
Current through September 17, 2024
The application for a variable life insurance policy shall contain:
008.01 A prominent statement that the death benefit may be variable or fixed under specified conditions;
008.02 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);
008.03 Questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.
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