Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 82 - VARIABLE LIFE INSURANCE
INSURANCE POLICY REQUIREMENTS
Section 82.22 - Filing of variable life insurance policies

Universal Citation: 31 PA Code ยง 82.22

Current through Register Vol. 54, No. 44, November 2, 2024

(a) Variable life insurance policies and riders, endorsements, applications and other documents which are to be attached to and made a part of the policy and which relate to the variable nature of the policy shall be filed with and approved by the Commissioner prior to delivery or issuance for delivery in this Commonwealth.

(b) The procedures and requirements for the filing and approval shall be, to the extent appropriate and not inconsistent with this chapter, the same as those otherwise applicable to other life insurance policies.

(c) The Commissioner may approve variable life insurance policies and related forms with provisions the Commissioner deems to be not less favorable to the policyholder and the beneficiary than those required by this chapter.

This section cited in 31 Pa. Code § 82.21 (relating to insurance policy qualification).

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