Wyoming Administrative Code
Agency 044 - Insurance Dept
Sub-Agency 0002 - General Agency, Board or Commission Rules
Chapter 67 - VARIABLE LIFE INSURANCE CONTRACT REGULATION
Section 67-8 - Applications
Universal Citation: WY Code of Rules 67-8
Current through September 21, 2024
The application for a variable life insurance policy shall contain:
(a) A prominent statement that the death benefit may be variable or fixed under specified conditions;
(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
(c) Questions designed to elicit information that enables the insurer to determine the suitability of variable life insurance for the applicant in accordance with applicable federal or state law.
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