R590-177-3. Applicability and Scope

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A. This rule applies to all group and individual life insurance policies and certificates except:

(1) variable life insurance;

(2) individual and group annuity contracts;

(3) credit life insurance; or

(4) life insurance policies with no illustrated death benefits on any individual exceeding $10,000.

B. The provisions of this rule apply to policies sold on or after January 1, 1997.

                    
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