Utah Admin. Code R590-177-7 - Standards for Supplemental Illustrations
(1) A supplemental illustration may be
provided if:
(a) it is appended to,
accompanied by, or preceded by a basic illustration that complies with this
rule;
(b) 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;
(c) it contains the
same statement required of a basic illustration that non-guaranteed elements
are not guaranteed;
(d) 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; and
(e) for a policy
that does not require a contract premium, the premium outlay underlying the
supplemental illustration shall be equal to the premium outlay shown in the
basic illustration.
(2)
The supplemental illustration shall include a notice referring to the basic
illustration for guaranteed elements and other important information.
Notes
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