West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-11A - Life Insurance Disclosures
Section 114-11A-1 - General

Universal Citation: 114 WV Code of State Rules 114-11A-1

Current through Register Vol. XLI, No. 38, September 20, 2024

1.1. The purpose of this rule is to require insurers to deliver to purchasers of life insurance information that will improve the buyer's ability to select the most appropriate plan of life insurance for the buyer's needs and improve the buyer's understanding of the basic features of the policy which has been purchased or is under consideration. This rule is based on the National Association of Insurance Commissioners' "Life Insurance Disclosure Model Regulation" (Model 580), as amended in 2000.

1.2. This rule does not prohibit the use of additional material that is not a violation of this rule or any other West Virginia statute or rule.

1.3. Authority. -- W. Va. Code §§ 33-2-10 and 33-11-6.

1.4. Filing Date. -- May 5, 2008.

1.5. Effective Date. -- August 1, 2008.

Disclaimer: These regulations may not be the most recent version. West Virginia 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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