Section R590-177-7 - Standards for Supplemental Illustrations(1) A supplemental illustration may be provided if:(a) it is appended to, accompanied by, or preceded by a basic illustration that complies with this rule;(b) the non-guaranteed 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 non-guaranteed elements are not guaranteed;(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; and(e) for a policy that does not require a contract premium, the premium outlay underlying the supplemental illustration shall be equal to the premium outlay shown in the basic illustration.(2) The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information.Utah Admin. Code R590-177-7
Amended by Utah State Bulletin Number 2023-03, effective 1/24/2023