§33-13A-2. Features and benefits.
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.