La. Admin. Code tit. 37 § XIII-3313

Current through Register Vol. 50, No. 11, November 20, 2024

Section XIII-3313 - 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 regulation;

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; 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.

La. Admin. Code tit. 37, § XIII-3313

Promulgated by the Department of Insurance, Office of the Commissioner, LR 22:984 (October 1996).

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:3.