West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-11D - Variable Life Insurance
Section 114-11D-8 - Applications
Universal Citation: 114 WV Code of State Rules 114-11D-8
Current through Register Vol. XLI, No. 38, September 20, 2024
8.1. The application for a variable life insurance policy shall contain:
8.1.a. A prominent statement that the death
benefit may be variable or fixed under specified conditions;
8.1.b. 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); and
8.1.c. Questions designed to elicit information
that enables the insurer to determine the suitability of variable life insurance for
the applicant.
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