6.6.712    STANDARDS FOR SUPPLEMENTAL ILLUSTRATIONS

(1) A supplemental illustration may be provided so long as:

(a) it is appended to, accompanied by, or preceded by a basic illustration that complies with this subchapter;

(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; and

(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. 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.

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

 

History: 33-20-150, MCA; IMP, 33-18-202, 33-20-150, MCA; NEW, 2001 MAR p. 2234, Eff. 1/1/02; AMD, 2017 MAR p. 1888, Eff. 10/14/17.