Section 1406.20  Applicability and Scope

This Part applies to all individual and group life insurance policies and certificates issued after June 1, 1998, except:

a)         Variable life insurance;

b)         Individual and group annuity contracts;

c)         Credit life insurance; or

d)         Life insurance policies and certificates with guaranteed scheduled death benefits of $10,000 or less, or illustrated death benefits less than $15,000.