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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 53 Pa.B. 3392 (June 24, 2023).

31 Pa. Code § 82.62. Applications.

§ 82.62. Applications.

 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 a specified minimum guarantees.

   (3)  Questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.


   The provisions of this §  82.62 adopted August 4, 1978, effective September 5, 1978, 8 Pa.B. 2171; corrected June 30, 1989, effective retroactive to April 29, 1989, 19 Pa.B. 2754. Immediately preceding text appears at serial page (137056).

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