Chapter 80. Rules Governing Variable Life InsuranceRead Chapter
- Article I. ScopeRead all
- Section 10
- Scope
- Article II. DefinitionsRead all
- Section 20
- Definitions
- Article III. Qualification of Insurer to Issue Variable Life InsuranceRead all
- Section 30
- Licensing and approval to do business in the Commonwealth
- Section 40
- Filing for approval to do business in the Commonwealth
- Section 50
- Standards of suitability
- Section 60
- Use of sales materials
- Section 70
- Requirements applicable to contractual services
- Section 80
- Reports to the Commission
- Section 90
- Authority of Commission to disapprove
- Article IV. Variable Life Insurance FormRead all
- Section 100
- Variable life insurance form approval; in general
- Section 110
- Filing of variable life insurance policies
- Section 120
- Mandatory policy benefit and design requirements
- Section 130
- Mandatory policy provisions
- Section 140
- Policy loan provisions
- Section 150
- Other policy provisions
- Article V. Reserve Liabilities for Variable Life Insurance [Repealed]Read all
- Section 160
- [Repealed]
- Article VI. Separate AccountsRead all
- Section 200
- Establishment and administration of separate accounts
- Section 210
- Amounts in the separate account
- Section 220
- Investment by the separate account
- Section 230
- Limitations on ownership
- Section 240
- Valuation of separate account assets
- Section 250
- Separate account investment policy
- Section 260
- Charges against separate account
- Section 270
- Standards of conduct
- Section 280
- Conflicts of interest
- Section 290
- Investment advisory services to a separate account
- Article VII. Information Furnished to ApplicantsRead all
- Section 300
- Information furnished to applicants
- Article VIII. ApplicationsRead all
- Section 310
- Applications
- Article IX. Reports to PolicyholdersRead all
- Section 320
- Reports to policyholders
- Article X. Foreign CompaniesRead all
- Section 330
- Foreign companies
- Article XI. Qualifications of Agents for the Sale of Variable Life InsuranceRead all
- Section 340
- Qualification to sell variable life insurance
- Section 350
- Reports of disciplinary actions
- Section 360
- Refusal to qualify agent to sell variable life insurance: suspension, revocation, or nonrenewal of qualification
- Article XII. SeverabilityRead all
- Section 370
- Severability