§431:10D-406 - Standards for supplemental illustrations.
[§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]