The superintendent may reject any application or suspend or revoke or refuse to renew any agent’s qualification under these regulations to sell or offer to sell variable life insurance upon any ground that would bar such applicant or such agent from being licensed to sell other life insurance contracts in this state. The rules governing any proceeding relating to the suspension or revocation of an agent’s license shall also govern any proceeding for suspension or revocation of an agent’s qualification of sell or offer to sell variable life insurance.

[12/1/85; Recompiled 11/30/01]

HISTORY OF 13.9.8 NMAC:

Pre-NMAC History: The material in this part was derived from that previously filed with the State Records Center:

SCC 85-14, Insurance Department Regulations 20-1 - Variable Life Insurance, filed 11/5/85.

History of Repealed Material: [RESERVED]