Authority: IC 27-1-3-7

Affected: IC 27-1-12-7

Sec. 8. The application for a variable life insurance policy shall contain:

1. (1) a prominent statement that the death benefit may be variable or fixed under specified conditions;
2. (2) 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);
3. (3) questions designed to elicit information which enables the insurer to determine the suitability of variable life insurance for the applicant.

(Department of Insurance; 760 IAC 1-33-8; filed Mar 29, 1985, 1:46 pm: 8 IR 1024; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed Nov 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA; readopted filed Nov 19, 2019, 9:18 a.m.: 20191218-IR-760190497RFA; readopted filed Oct 22, 2025, 3:17 p.m.: 20251119-IR-760240637RFA)