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054.00.33-VIII. APPLICATIONS

AR ADC 054.00.33-VIIIArkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 33. Variable Life Insurance
Ark. Admin. Code 054.00.33-VIII
054.00.33-VIII. APPLICATIONS
Currentness
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 insurance for the applicant.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.33-VIII, AR ADC 054.00.33-VIII
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