Learn More
Log In
Sign Up
Rules Governing Variable Life Insurance | Midpage
Collections
Virginia Administrative Code
Title 14
5
Chapter 80
Rules Governing Variable Life Insurance
10
Scope.
20
Definitions.
30
Licensing and approval to do business in the Commonwealth.
40
Filing for approval to do business in the Commonwealth.
50
Standards of suitability.
60
Use of sales materials.
70
Requirements applicable to contractual services.
80
Reports to the Commission.
90
Authority of Commission to disapprove.
100
Variable life insurance form approval; in general.
110
Filing of variable life insurance policies.
120
Mandatory policy benefit and design requirements.
130
Mandatory policy provisions.
140
Policy loan provisions.
150
Other policy provisions.
200
Establishment and administration of separate accounts.
210
Amounts in the separate account.
220
Investment by the separate account.
230
Limitations on ownership.
240
Valuation of separate account assets.
250
Separate account investment policy.
260
Charges against separate account.
270
Standards of conduct.
280
Conflicts of interest.
290
Investment advisory services to a separate account.
300
Information furnished to applicants.
310
Applications.
320
Reports to policyholders.
330
Foreign companies.
340
Qualification to sell variable life insurance.
350
Reports of disciplinary actions.
360
Refusal to qualify agent to sell variable life insurance: suspension, revocation, or nonrenewal of qualification.
370
Severability.