A. This article applies to all group and individual life insurance policies and certificates except:
1. Variable life insurance.
2. Individual and group annuity contracts.
3. Credit life insurance.
4. Life insurance policies with no illustrated death benefits on any individual exceeding $10,000.
B. If an insurer markets a policy form with an illustration that is subject to the requirements of this article, the insurer is not required to provide a policy summary to the applicant or the policyowner as otherwise required pursuant to administrative rule.