NAC686A.4715. Required provisions of life insurance illustration.

An illustration must be clearly labeled as a “life insurance illustration” and set forth the:

     1. Name of the insurer;

     2. Name and business address of the insurer’s agent, broker or other authorized representative;

     3. Name, age and gender of the proposed insured, unless a composite illustration is permitted pursuant to NAC 686A.460 to 686A.479, inclusive;

     4. Underwriting or rating classification upon which the illustration is based;

     5. Generic name and form number of the policy;

     6. The product name of the company if it is different from the generic name;

     7. Amount of the initial death benefit; and

     8. Election of a dividend option or the application of nonguaranteed elements.

     (Added to NAC by Comm’r of Insurance by R089-97, eff. 1-14-98)