Minnesota Administrative Rules

2750.4200 APPLICATIONS.

The application for a variable life insurance policy shall contain:

A.

a prominent statement that the death benefit may be variable or fixed under specified conditions;

B.

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; and

C.

questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.

Statutory Authority:

MS s 61A.20

Published Electronically:

September 14, 2007