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TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES PART 910 CORRELATED SALES OF LIFE INSURANCE AND MUTUAL FUNDS SECTION 910.20 APPLICABILITY
Section 910.20 Applicability
This Rule shall apply:
a) to any insurance company, agent, person, broker or solicitor as those terms are defined in Sections 2 and 490 of the Insurance Code;
b) to acts and practices in the advertising, promotion, solicitation, negotiation of or effecting the sale of:
1) life insurance policies (which term shall include annuity contracts for purposes of this Rule) in correlation with the sale of shares of a mutual fund; or
2) contracts which contemplate the purchase of a life insurance policy in correlation with the sales of shares of a mutual fund;
c) to any acts and practices, whether they involve the use of language disseminated by means of sales kits, policy jackets or covers, letters, personal presentations, visual aids and other sales media in connection with the solicitation, servicing or collection of premiums for life insurance in correlation with mutual funds. |