The purposes of these regulations are to set forth rules and procedural requirements which the Insurance Commissioner deems necessary to implement the provisions of Section 10506 of the Insurance Code concerning the issuance and delivery of variable contracts in California, the payment of benefits thereunder, the manner in which the separate accounts required thereunder shall be established, maintained and administered and the administration of Article 16 (commencing with Section 1758.1), Chapter 5, Part 2, Division 1, of the Insurance Code relating to variable contract agents.
Cal. Code Regs. Tit. 10, § 2525.1