760 IAC 1-16.1-4 Exemptions from rule

Sec. 4. Unless otherwise specifically included, 760 IAC 1-16.1 shall not apply to the replacement or proposed replacement of: (A) Individual and group credit life insurance; (B) Group life insurance, and life insurance policies issued in connection with a pension, profit-sharing or other benefit plan qualifying for tax deductibility of premiums, provided, however, that as to any plan described in this subsection, full and complete disclosure of all material facts shall be given to the administrator of any plan to be replaced; (C) An existing life insurance policy in which a contractual change or conversion privilege is being exercised.