Internal Revenue Code Section 7702: Federal tax code provisions defining life insurance contracts and their tax treatment, including requirements for cash value accumulation and death benefits
Deficit Reduction Act: Federal legislation affecting the taxation and regulation of life insurance products to ensure fiscal responsibility
USA PATRIOT Act: Federal regulations requiring insurance companies to implement anti-money laundering programs and customer identification procedures
Gramm-Leach-Bliley Act: Federal law governing the handling of personal financial information and privacy requirements for financial institutions
State Insurance Laws: State-specific regulations governing insurance contracts, including filing requirements, approval processes, and consumer protection provisions
NAIC Universal Life Insurance Model Regulation: Model regulation providing guidelines for universal life insurance policies, including policy provisions, disclosure requirements, and calculation methods
Life Insurance Illustrations Model Regulation: Standards for life insurance policy illustrations to ensure clear and accurate representation of policy performance
Standard Nonforfeiture Law: Requirements for minimum cash surrender values and paid-up nonforfeiture benefits in life insurance policies
Truth in Lending Act: Federal law requiring disclosure of credit terms and standardized calculation of financing costs
Fair Credit Reporting Act: Federal law regulating the collection and use of consumer credit information in insurance underwriting
SEC Requirements: Securities and Exchange Commission regulations applicable to universal life insurance products with investment components
Actuarial Standards of Practice: Professional standards governing actuarial work in designing and pricing universal life insurance products
