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Variable Life Insurance | Midpage
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New Mexico Administrative Code
Title 13
Chapter 9
Part 8
Variable Life Insurance
State of New Mexico
1
Issuing Agency
2
Scope
3
Statutory Authority
4
Duration
5
Effective Date
6
Objective
7
Definitions
8
Licensing and Approval to Do Business in This State
9
Filing for Permanent Approval to Do Business in This State
10
Standards of Suitability
11
Use of Sales Materials
12
Requirements Applicable to Contractual Services
13
Required Reports
14
Authority of Superintendent to Disapprove
15
Policy Qualification
16
Filing of Variable Life Insurance Policies
17
Mandatory Policy Benefit and Design Requirements
18
Mandatory Policy Provisions
19
Policy Loan Provisions
20
Other Policy Provisions
21
Reserve Liabilities under Standard Valuation Law
22
Reserve Liabilities for the Guaranteed Minimum Death Benefit
23
Reserve Liabilities for Guaranteed Minimum Death Benefit for Flexible Premium Policies
24
Incidental Insurance Benefit
25
Establishment and Administration of Separate Accounts
26
Amounts in the Separate Account
27
Limitations on Investments by the Separate Account
28
Limitations on Ownership
29
Separate Account Investment Policy
30
Charges Against Separate Account
31
Standards of Conduct
32
Conflicts of Interest
33
Investment Advisory Services to a Separate Account
34
Information Furnished to Applicants
35
Applications
36
Reports to Policyholders
37
Foreign Companies
38
Qualifications to Sell Variable Life Insurance
39
Reports of Disciplinary Actions
40
Refusal to Qualify Agent to Sell Variable Life Insurance