NAC686A.475. Supplemental illustration: When authorized; format; notice referring to basic illustration required.

     1. 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.

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