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Code · Arizona · Title 20 — Infants and Incompetents

20-2608. Variable life insurance policy application requirements

65 words·~1 min read·/az/title-20/20-2608

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A variable life insurance policy application shall contain all of the following:
1. A prominent statement that the death benefit may be variable or fixed under specified conditions.
2. A prominent statement that cash values may increase or decrease according to the investment experience of the separate account.
3. Questions that enable the insurer to determine the suitability of variable life insurance for the applicant.
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