Section 60. Use of sales materials

Latest version.

An insurer authorized to transact variable life insurance business in this Commonwealth shall not use any sales material, advertising material, or descriptive literature or other materials of any kind in connection with its variable life insurance business in this Commonwealth which is false, misleading, deceptive, or inaccurate.

Variable life insurance marketing communications shall be subject to the additional requirements of Rules Governing Life Insurance and Annuity Marketing Practices adopted, Chapter 40 (14VAC5-40-10 et seq.) of this Title by the Commission in Case No. INS810107.

Historical Notes

Derived from Regulation 26, Case No. INS920077, Article IV, § 4, eff. June 15, 1992.

Statutory Authority

§§ 12.1-13 and 38.2-3313 of the Code of Virginia.

                    
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