Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 82 - VARIABLE LIFE INSURANCE
INFORMATION AND APPLICATIONS
Section 82.62 - Applications
Universal Citation: 31 PA Code ยง 82.62
Current through Register Vol. 54, No. 44, November 2, 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 a specified minimum guarantees.
(3) Questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.
Disclaimer: These regulations may not be the most recent version. Pennsylvania 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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