2730.1 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);
- (c) Questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.
SOURCE: Final Rulemaking published at 42 DCR 1047(February 24, 1995).