760 IAC 1-33-8
760 IAC 1-33-8 Application for policy
Cite as Ind. Admin. Code tit. 760, r. 1-33-8
Sec. 8. 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.