211 CMR, § 28.08

Current through Register 1531, September 27, 2024
Section 28.08 - 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 211 CMR 28.00;
(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.

211 CMR, § 28.08