SECTION 4.1508. Application

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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.

Source Note: The provisions of this §4.1508 adopted to be effective June 5, 1985, 10 TexReg 1676; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250

                    
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