- (1) "Variable contract" means a life insurance policy or an annuity contract that provides a benefit that may vary according to the investment experience of any separate account the insurer establishes and maintains under Sections 31A-5-217 and 31A-18-102.
- (2) "Variable contract producer" means a licensed producer with a variable contracts line of authority.
Terms used in this rule are defined in Section 31A-1-301. Additional terms are defined as follows:
KEY: variable insurance
Date of Last Change: May 11, 2022
Notice of Continuation: December 8, 2021
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-20-106