N.M. Admin. Code § 13.9.14.18 - 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
rule;
(2) the non-guaranteed
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 non-guaranteed elements
are not guaranteed;
(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.; and
B. If a supplemental illustration is
provided, it shall include a notice referring to the basic illustration for
guaranteed elements and other important information.
Notes
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