R590-79-3. Scope

Except as hereinafter exempted, this rule shall apply to any solicitation, negotiation or procurement of life insurance occurring within this state. This rule shall apply to any issuer of life insurance contracts including fraternal benefit societies.

Unless otherwise specifically included, this rule shall not apply to:

A. annuities;

B. credit life insurance;

C. group life insurance (except for disclosures relating to preneed funeral contracts or prearrangements. These disclosure requirements shall extend to the issuance or delivery of certificates as well as to the master policy);

D. life insurance policies issued in connection with pension and welfare plans as defined by and which are subject to the federal Employee Retirement Income Security Act of 1974 (ERISA), as amended; or

E. variable life insurance under which the amount and duration of the death benefits and cash values vary according to the investment experience of a separate account.