Section 45-04-01.1-06 - Standards for supplemental illustrations1. A supplemental illustration may be provided as long as: a. It is appended to, accompanied by, or preceded by a basic illustration that complies with this chapter; b. The nonguaranteed 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 nonguaranteed 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 must be equal to the premium outlay shown in the basic illustration. 2. The supplemental illustration must include a notice referring to the basic illustration for guaranteed elements and other important information. N.D. Admin Code 45-04-01.1-06
Effective January 1, 1997.General Authority: NDCC 28-32-02
Law Implemented: NDCC 26.1-33-02