Regulations of Connecticut State Agencies (Last Updated: June 14,2023) |
Title38a Insurance Department |
SubTitle38a-433-1_38a-433-34. Variable Life Insurance |
Sec.38a-433-8. Applications
Latest version.
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The application for a variable life insurance policy shall contain:
(1) a prominent statement that the death benefit may be variable or fixed under specified conditions;
(2) 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);
(3) questions designed to elicit information which enables the insurer to determine the suitability of variable life.
(Effective September 25, 1992)