LAC 37:XIII.3313

LAC 37:XIII.3313. Standards for Supplemental Illustrations

Last amended: 1996Year: 2026Length: 147 wordsOfficial source

Cite as La. Admin. Code tit. 37, pt. XIII, § 3313

A. A supplemental illustration may be provided so long as: 1. it is appended to, accompanied by, or preceded by a basic illustration that complies with this regulation; 2. 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; 3. it contains the same statement required of a basic illustration that non-guaranteed elements are not guaranteed; and 4. 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 shall be equal to the premium outlay shown in the basic illustration. B. The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information.
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