02-031-300 Me. Code R. § V-6

Current through 2024-52, December 25, 2024

Section 031-300-V-6 - Reports

Any insurer authorized to transact the business of variable life insurance in this state shall submit to the Bureau, in addition to any other materials which may be required by this regulation or any other applicable laws or regulations:

a. prior to the use in this state any information furnished to applicants as provided for in Article IX;

b. prior to the use in this state the form of any of the Reports to Policyholders as provided for in Article XI; and

c. such additional information concerning its variable life insurance operations or its separate accounts as the Superintendent shall deem necessary.

Any material submitted under this Section shall be disapproved if it is found to be false, misleading, deceptive, or inaccurate in any material respect and, if previously distributed, the Superintendent shall, among other indicated actions, require the distribution of amended material to policyholders.

02-031 C.M.R. ch. 300, § V-6