Ins 2.19(5)(k) (k) “Service member” means any active duty officer, commissioned and warrant, or enlisted member of the United States Armed Forces.

Ins 2.19(5)(L) (L) “Side fund” means a fund or reserve that is part of or otherwise attached to a life insurance policy, excluding individually issued annuities, by rider, endorsement or other mechanism which accumulates premium or deposits with interest or by other means. The term does not include any of the following:

Ins 2.19(5)(L)1. 1. Cumulated value or cash value or secondary guarantees provided by a universal life policy.

Ins 2.19(5)(L)2. 2. Cash values provided by a whole life policy which are subject to standard nonforfeiture law for life insurance.

Ins 2.19(5)(L)3. 3. A premium deposit fund which complies with all of the following:

Ins 2.19(5)(L)3.a. a. Contains only premiums paid in advance which accumulate at interest.

Ins 2.19(5)(L)3.b. b. Imposes no penalty for withdrawal.

Ins 2.19(5)(L)3.c. c. Does not permit funding beyond future required premiums.

Ins 2.19(5)(L)3.d. d. Is not marketed or intended as an investment.

Ins 2.19(5)(L)3.e. e. Does not carry a commission, either paid or calculated.

Ins 2.19(5)(m) (m) “Specific appointment” means a prearranged appointment agreed upon by both parties and definite as to place and time.

Ins 2.19(5)(n) (n) “United States Armed Forces” means all components of the Army, Navy, Air Force, Marine Corps, and Coast Guard.

Ins 2.19(6) (6) Practices declared false, misleading, deceptive or unfair on a military installation or using military personnel or programs.

Ins 2.19(6)(a) (a) No insurer or insurance producer may engage in any of the following acts or practices on a military installation with respect to the in-person, face-to-face solicitation of life insurance:

Ins 2.19(6)(a)1. 1. Knowingly soliciting the purchase of any life insurance product door to door or without first establishing a specific appointment for each meeting with the prospective purchaser.

Ins 2.19(6)(a)2. 2. Soliciting service members in a group or mass audience or in a captive audience where attendance is not voluntary.

Ins 2.19(6)(a)3. 3. Knowingly making appointments with or soliciting service members during their normally scheduled duty hours.

Ins 2.19(6)(a)4. 4. Making appointments with or soliciting service members in barracks, day rooms, unit areas, or transient personnel housing or in other areas where the installation commander has prohibited solicitation.

Ins 2.19(6)(a)5. 5. Soliciting the sale of life insurance without first obtaining permission from the installation commander or the commander’s designee.

Ins 2.19(6)(a)6. 6. Posting unauthorized bulletins, notices or advertisements.

Ins 2.19(6)(a)7. 7. Fail to present Department of Defense Form 2885, Personal Commercial Solicitation Evaluation, to service members solicited or encouraging service members solicited not to complete or submit a Department of Defense Form 2885.

Ins 2.19(6)(a)8. 8. Knowingly accepting an application for life insurance or issuing a policy of life insurance on the life of an enlisted member of the United States Armed Forces without first obtaining for the insurer’s files a completed copy of any required form which confirms that the applicant has received counseling or fulfilled any other similar requirement for the sale of life insurance established by regulations, directives or rules of the Department of Defense or any branch of the United States Armed Forces.

Ins 2.19(6)(b) (b) No insurer or insurance producer may do any of the following:

Ins 2.19(6)(b)1. 1. Use Department of Defense personnel, directly or indirectly, as a representative or agent in any official or business capacity with or without compensation with respect to the solicitation or sale of life insurance to service members.

Ins 2.19(6)(b)2. 2. Participate in any United States Armed Forces sponsored education or orientation program for the purpose of solicitation of the sale of life insurance to service members.

Ins 2.19(7) (7) Practices declared false, misleading, deceptive or unfair regardless of location. No insurer or insurance producer may do any of the following regardless of location:

Ins 2.19(7)(a) (a) Submit, process or assist in the submission or processing of any allotment form or similar device used by the United States Armed Forces to direct a service member’s pay to a third party for the purchase of life insurance. This includes, but is not limited to, using or assisting in using a service member’s MyPay account or other similar internet or electronic medium for such purposes. This subdivision does not prohibit assisting a service member by providing insurer or premium information necessary to complete any allotment form.

Ins 2.19(7)(b) (b) Knowingly receive funds from a service member for the payment of premium from a depository institution with which the service member has no formal banking relationship. For purposes of subsection, a formal banking relationship is established when the depository institution does all of the following:

Ins 2.19(7)(b)1. 1. Provides the service member a deposit agreement and periodic statements and makes the disclosures required by 12 U.S.C. section 4301 et seq. and the regulations promulgated thereunder.