Pennsylvania Code
Title 31 - INSURANCE
Part IV - Life Insurance
Chapter 82 - VARIABLE LIFE INSURANCE
QUALIFICATION OF INSURER TO ISSUE VARIABLE LIFE INSURANCE
Section 82.17 - Reports to the Commissioner
Universal Citation: 31 PA Code ยง 82.17
Current through Register Vol. 54, No. 44, November 2, 2024
(a) An insurer authorized to transact the business of variable life insurance in this Commonwealth shall submit to the Commissioner, in addition to other materials which may be required by this chapter or other applicable laws or regulations, the following documents:
(1) An annual
statement of the business of its separate accounts in a form as may be
prescribed by the National Association of Insurance Commissioners.
(2) Prior to use in this Commonwealth,
information furnished to applicants as provided for in §
82.61 (relating to information for
applicants).
(3) Prior to use in
this Commonwealth, the form of the reports to policyholders as provided for in
§§
82.72-82.74 (relating to policy
statements; separate account statements; and warning statements for flexible
premium policies).
(4) Additional
information concerning its variable life insurance operations or its separate
accounts as the Commissioner deems necessary.
(b) Material submitted to the Commissioner under this section will be disapproved if it is found to be false, misleading, deceptive or inaccurate in a material respect and, if previously distributed, the Commissioner will require the distribution of amended material.
This section cited in 31 Pa. Code § 82.11 (relating to scope).
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