Pennsylvania Code (Last Updated: April 5, 2016) |
Title 31. INSURANCE |
PART IV. Life Insurance |
Chapter 87. Requirements for Certain Life Insurance Policies and Sales Practices |
Section 87.34. Describing policy as units of participation.
Latest version.
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A life insurance company, broker, agent, solicitor or representative may not describe a life insurance policy or premium payments therefor in terms of units of participation, unless accompanied by other language clearly indicating the reference to a life insurance policy or to premium payments, as the case may be.
Notation
This section cited in 31 Pa. Code § 87.21 (relating to scope).