North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-04 - Life Insurance
Chapter 45-04-04 - Variable Life Insurance
Section 45-04-04-07 - Applications
Universal Citation: ND Admin Code ยง 45-04-04-07
Current through Supplement No. 394, October, 2024
The application for a variable life insurance policy must 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.
General Authority: NDCC 26.1-33-17, 26.1-34-11
Law Implemented: NDCC 26.1-33, 26.1-34
Disclaimer: These regulations may not be the most recent version. North Dakota 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.
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