Regulation .08 Standards for Supplemental Illustrations.
Regulation .08 Standards for Supplemental Illustrations.LinkCopy Citation
A.
A supplemental illustration may be provided if:
(1)
It is appended to, accompanied by, or preceded by a basic illustration that complies with this chapter;
(2)
The nonguaranteed elements shown are not more favorable to the policy owner than the corresponding elements based on the scale used in the basic illustration;
(3)
It contains the same statement required of a basic illustration that nonguaranteed elements are not guaranteed; and
(4)
For a policy that:
(a)
Has a contract premium, the contract premium underlying the supplemental illustration is equal to the contract premium shown in the basic illustration, or
(b)
Does not require a contract premium, the premium outlay underlying the supplemental illustration is equal to the premium outlay shown in the basic illustration.
B.
The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information.