02-031-300 Me. Code R. § IV-16
Current through 2024-52, December 25, 2024
"Variable death benefit" means the amount of the death benefit, other than incidental insurance benefits, payable under a variable life insurance policy dependent on the investment performance of the separate account, which the insurer would have to pay in the absence of any minimum death benefit.
02-031 C.M.R. ch. 300, § IV-16