NAC686A.415. Applicability.

     1. This regulation applies to:

     (a) Any solicitation, negotiation, or procurement of life insurance occurring within this State; and

     (b) Any issuer of life insurance contracts, including fraternal benefit societies.

     2. Unless they are otherwise specifically included, this regulation does not apply to:

     (a) Annuities.

     (b) Credit life insurance.

     (c) Group life insurance.

     (d) Life insurance policies issued in connection with pension and welfare plans subject to the Federal Employee Retirement Income Security Act of 1974 (ERISA) (29 U.S.C. §§ 1001 et seq.).

     (e) Variable life insurance under which the death benefits and cash values vary in accordance with unit values of investments held in a separate account.

     3. This regulation applies to all solicitations of life insurance which begin on or after January 1, 1979.

     [Comm’r of Insurance, LH-6 §§ III and XII, eff. 11-22-78]