Any contract providing benefits payable in variable amounts delivered or issued for delivery in this state shall contain a statement of the essential features of the procedures to be followed by the insurance company in determining the dollar amount of such variable benefits. Any such contract under which the benefits vary to reflect investment experience, including a group contract and any certificate in evidence of variable benefits issued thereunder, shall state that such dollar amount will so vary and shall contain on its first page a statement to the effect that the benefits thereunder are on a variable basis.
Structure West Virginia Code
Article 13A. Variable Contracts
§33-13A-1. Establishment of Separate Accounts
§33-13A-2. Features and Benefits
§33-13A-3. Qualification of Companies, Subsidiaries and Affiliates
§33-13A-4. Supervisory Powers of Insurance Commissioner
§33-13A-5. Application of Other Insurance Laws, Valuation of Reserves