Section 031-240-5 - Disclosure requirements(A) In the case of life insurance policies marketed through aproducer, insurers shall: 1. Except as provided in subsection (F), provide to all prospective purchasers a Buyer's Guide and a Preliminary Statement of Policy Cost before the application is signed.2. Except as provided in subsection (F), provide a Policy Summary prior to or at the time the policy is delivered.(B) In the case of life insurance policies not marketed through a producer, insurers shall: 1. Except as provided in subsection (F), provide to all prospective purchasers a Buyer's Guide and a Policy Summary prior to payment of the initial premium or premium deposit, unless the policy for which application is made contains an unconditional right to a full refund of at least 30 days in which case the Policy Summary shall be delivered prior to or with the policy.2. Except as provided in subsection (F), alert prospective policyholders, in advertisements and direct mail solicitations of their right to obtain a Buyer's Guide and a Policy Summary prior to sale.(C) Except as provided in subsection (F), the insurer shall provide a Buyer's Guide and a Policy Summary to any prospective purchaser upon request.(D) In the event the policy issued differs from the policy described in the Preliminary Statement of Policy Cost, or underwriting information causes the life insurance cost indexes developed pursuant to Subsection 4(E) of this Rule to differ from the life insurance cost indexes illustrated in the Preliminary Statement of Policy Cost, insurers shall so notify the applicant no later than the time of delivery of the Policy Summary.(E) In the case of policies where the Equivalent Level Death Benefit does not exceed $5,000, the requirement for providing a Policy Summary will be satisfied by delivery of a written statement containing the information described in Subsection 4(E), items, 2, 3, 4, 5a, 5b, 5c, 6, 7, 8, and 9.(F) If the policy solicited is designated to be marketed with an illustration subject to the requirements of Rule Chapter 910, a Preliminary Statement of Policy Cost and a Policy Summary are not required and the "Life Insurance Buyer's Guide" published by the National Association of Insurance Commissioners may be used instead of that prescribed by Appendix A.02-031 C.M.R. ch. 240, § 5