760 Ind. Admin. Code 1-7-3
Current through December 25, 2024
Authority: IC 27-1-3-7
Affected: IC 27-1-5-1
Sec. 3.
Illustration of Benefits Payable. No illustration shall misrepresent the terms of any Class I(c) Contract or the benefits or advantages promised thereby.
Illustration of benefits payable under any Class I(c) Contract shall not involve projections of past investment experience into the future or attempted predictions of future investment experience.
Illustrations of benefits payable, the amount of which may vary by reason of experience factors derived from a segregated investment account, shall be reasonable and shall contain a clear statement that said benefits may vary and are not guaranteed as to fixed dollar amount.
760 IAC 1-7-3