28 TAC § 4.1508. Application

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Texas Administrative Code › Title 28 INSURANCE › Part 1 TEXAS DEPARTMENT OF INSURANCE › Chapter 4 LIFE AND ANNUITY › 28 TAC § 4.1508

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

The application for a variable life contract must contain:

(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 in accordance with the experience of the separate account (subject to any specified minimum guarantees); and

(3) questions designed to elicit information that enables the insurer to determine the suitability of variable life insurance for the applicant.

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