LAC 37:XIII.8313
LAC 37:XIII.8313. Applications
Cite as La. Admin. Code tit. 37, pt. XIII, § 8313
A. 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.