- (a) This part shall supersede and fully replace any prior rule concerning variable life insurance.
(b)
- (1) This part is particularly intended to replace any provisions of Variable Annuity Contracts, 23 CAR pt. 81, as it may pertain to variable life insurance.
- (2) The provisions of 23 CAR pt. 81 that regulate variable annuities shall remain undisturbed by this part.