Section 31A-22-631 - Policy summary or illustration(1)(a) Except as provided in Subsection (1)(b), at the time a life insurance policy is delivered, a policy summary or illustration shall be delivered for the life insurance policy if: (i) the life insurance policy includes riders or supplemental benefits, including accelerated benefits; and(ii) receipt of benefits under the life insurance policy is contingent upon morbidity requirements.(b) In the case of a direct response solicitation, the insurer shall deliver the policy summary or illustration at the sooner of: (i) the applicant's request; or(ii) at the time of policy delivery regardless of whether the applicant requests a policy summary or illustration.(2) In addition to complying with all applicable requirements, the policy summary or illustration shall include: (a) a clear and prominent disclosure of how the rider or supplemental benefit interacts with other components of the policy, including deductions from death benefits and policy values;(b) an illustration for each covered person of: (i) the amount of benefits;(ii) the length of benefits; and(iii) the guaranteed lifetime benefits, if any;(c) a disclosure of the maximum premiums for the rider or supplemental benefit;(d) any exclusions, reductions, or limitations on the benefits of the rider or supplemental benefit; and(e) if applicable to the policy type: (i) a disclosure of the effects of exercising other rights under the policy; and(ii) guaranteed maximum lifetime benefits.Enacted by Chapter 116, 2001 General Session.