210 Neb. Admin. Code, ch. 72, § 008 - Standards for Supplemental Illustrations

008.01 A supplemental illustration may be provided so long as:

008.01(1) It is appended to, accompanied by or preceded by a basic illustration that complies with this regulation;

008.01(2) The non-guaranteed elements shown are not more favorable to the policyowner than the corresponding elements based on the scale used in the basic illustration;

008.01(3) It contains the same statement required of a basic illustration that non-guaranteed elements are not guaranteed; and

008.01(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.

008.02 The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information.

Notes

210 Neb. Admin. Code, ch. 72, § 008