§431:10D-406 - Standards for supplemental illustrations.
[§431:10D-406] Standards for supplementalillustrations. (a) A supplemental illustration may be provided so longas:
(1) It is appended to, accompanied by, or preceded bya basic illustration that complies with this part;
(2) The nonguaranteed elements shown are not morefavorable to the policy owner than the corresponding elements based on thescale used in the basic illustration;
(3) It contains the same statement required of abasic illustration that nonguaranteed elements are not guaranteed; and
(4) For a policy that has a contract premium, thecontract premium underlying the supplemental illustration is equal to thecontract premium shown in the basic illustration. For policies that do notrequire a contract premium, the premium outlay underlying the supplementalillustration shall be equal to the premium outlay shown in the basicillustration.
(b) The supplemental illustration shallinclude a notice referring to the basic illustration for guaranteed elementsand other important information. [L 2000, c 252, pt of §2]