N.M. Admin. Code § 13.9.14.10

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.9.14.10 - GENERAL REQUIREMENTS FOR ILLUSTRATIONS

An illustration used in the sale of a life insurance policy shall satisfy the applicable requirements of this rule, be clearly labeled "life insurance illustration" and contain the following basic information:

A. name of insurer;

B. name and business address of producer or insurer's authorized representative, if any;

C. name, age and sex of proposed insured, except where a composite illustration is permitted under this rule;

D. underwriting or rating classification upon which the illustration is based;

E. generic name of policy, the company product name, if different, and form number;

F. initial death benefit; and

G. dividend option election or application of non-guaranteed elements, if applicable.

N.M. Admin. Code § 13.9.14.10

10/1/98; Recompiled 11/30/01