(a)

1. (1) This part shall not apply to preneed insurance contracts as defined in Preneed Insurance Replacement and Prepaid Funeral Benefits Contract Cancellation Requirements, 23 CAR pt. 111.
2. (2) This part shall apply to all other life insurance or annuity advertisement intended for dissemination in this state.
3. (3) In variable contracts where disclosure requirements are established pursuant to federal regulation, this part shall be interpreted so as to eliminate conflict with federal regulation.

(b)

1. (1) All advertisements, regardless of by whom written, created, designed, or presented, shall be the responsibility of the insurer, as well as the producer who created or presented the advertisement.
2. (2) Insurers shall establish and at all times maintain a system of control over the content, form, and method of dissemination of all advertisements of its policies.
3. (3) A system of control shall include regular and routine notification, at least once a year, to agents, brokers, and others authorized by the insurer to disseminate advertisements of the requirement and procedures for company approval prior to the use of any advertisements that are not furnished by the insurer and that clearly sets forth within the notice the most serious consequence of not obtaining the required prior approval.