Section 686A.475 - Supplemental illustration: When authorized; format; notice referring to basic illustration required1. A supplemental illustration may be provided if:(a) It is appended to, accompanied by or preceded by a basic illustration that complies with the provisions of NAC 686A.460 to 686A.479, inclusive;(b) The nonguaranteed elements depicted are not more favorable to the policy owner than the corresponding elements based on the illustrated scale used in the basic illustration;(c) It contains a statement that the nonguaranteed elements are not guaranteed; and(d) The contract premium or premium outlay underlying the supplemental illustration is equal to the contract premium or premium outlay depicted in the basic illustration.2. A supplemental illustration may be presented in a format differing from the basic illustration, but it may only depict a scale of nonguaranteed elements that is permitted in a basic illustration.3. The supplemental illustration must include a notice referring to the basic illustration for guaranteed elements.Nev. Admin. Code § 686A.475
Added to NAC by Comm'r of Insurance by R089-97, eff. 1-14-98