North Dakota § 26.1-33-15 Content of variable life contracts

North Dakota Statutes

§ 26.1-33-15 — Content of variable life contracts

North Dakota § 26.1-33-15

Title 26.1Insurance

Ch. 26.1-33Life Insurance

This text of North Dakota § 26.1-33-15 (Content of variable life contracts) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-33-15 (2026).

Text

Any variable life insurance contract delivered or issued for delivery in this state must contain
a statement of the essential features of the procedures to be followed by the insurance
company in determining the dollar amount of the variable benefits. Any contract under which the
benefits vary to reflect investment experience, including a group contract and any certificate in
evidence of variable benefits issued thereunder, must state that the dollar amount will so vary
and must contain on its first page a statement to the effect that the benefits under the contract
are on a variable basis.

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Any variable life insurance contract delivered or issued for delivery in this state must contain
a statement of the essential features of the procedures to be followed by the insurance
company in determining the dollar amount of the variable benefits. Any contract under which the
benefits vary to reflect investment experience, including a group contract and any certificate in
evidence of variable benefits issued thereunder, must state that the dollar amount will so vary
and must contain on its first page a statement to the effect that the benefits under the contract
are on a variable basis.