[§431:10D-406] Standards for supplemental illustrations. (a) A supplemental illustration may be provided so long as:
(1) It is appended to, accompanied by, or preceded by a basic illustration that complies with this part;
(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 has a contract premium, the contract premium underlying the supplemental illustration is equal to the contract premium shown in the basic illustration. For policies that do not require a contract premium, the premium outlay underlying the supplemental illustration shall be 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. [L 2000, c 252, pt of §2]
Section: Previous 431-10d-312 431-10d-313 431-10d-401 431-10d-402 431-10d-403 431-10d-404 431-10d-405 431-10d-406 431-10d-407 431-10d-408 431-10d-409 431-10d-410 431-10d-411 431-10d-412 431-10d-501 NextLast modified: October 27, 2016