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Title 3 . Commerce, Community, and Economic Development
Chapter 28 . Miscellaneous
Section 825. Standards for supplemental illustrations

3 AAC 28.825. Standards for supplemental illustrations

(a) A supplemental illustration may be provided if:

(1) it is appended to, accompanied by, or preceded by a basic illustration that complies with 3 AAC 28.800 - 3 AAC 28.849;

(2) the non-guaranteed elements shown in the supplemental illustration are not more favorable to the policy owner than the corresponding non-guaranteed elements that are based on the scale used in the basic illustration;

(3) it contains the statement required under 3 AAC 28.820(a) (13) for a non-guaranteed element;

(4) the contract premium underlying the supplemental illustration is equal to the contract premium shown in the basic illustration, if the policy has a contract premium; and

(5) the premium outlay underlying the supplemental illustration is equal to the premium outlay shown in the basic illustration, if the policy does not require a contract premium.

(b) A supplemental illustration must include a notice referring to the basic illustration for guaranteed elements and other information.

History: Eff. 9/1/98, Register 147

Authority: AS 21.06.090

AS 21.36.020

AS 21.36.030

AS 21.36.150

AS 21.42.120

AS 21.42.130

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Last modified 7/05/2006