Section 031-240-3 - Scope(A) Except as hereafter exempted, this Rule shall apply to any solicitation, negotiation or procurement of life insurance occurring within this state. This Rule shall apply to any issuer of life insurance contracts including fraternal benefit societies.(B) Unless otherwise specifically included, this Rule shall not apply to: 2. Credit life insurance.4. Life insurance policies issued in connection with pension and welfare plans as defined by and which are subject to the federal Employee Retirement Income Security Act of 1974 (ERISA).5. Variable life insurance under which the death benefits and cash values vary in accordance with unit values of investments held in a separate account.02-031 C.M.R. ch. 240, § 3