19 MAC Pt. 2, R. 13.08
Standards for Supplemental Illustrations
Cite as 19 Miss. Admin. Code Pt. 2, R. 13.08
Standards for Supplemental Illustrations
A. A supplemental illustration may be provided so long as:
1.
It is appended to, accompanied by or preceded by as basicIllustration that
complies with this regulation.
2.
The non-guaranteed elements shown are not more favorable to the policy owner
that the corresponding elements based on the scaleused 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 premiumunderlying the
supplemental illustration is equal to the contractpremium shown in the basic
illustration. For policies that do notrequire a contract premium, the premium
outlay underlying the supplemental illustration shall be equal to the premium
outlayshown in the basic illustration.
B. The Supplemental illustration shall include a notice referring to the basicillustration for
guaranteed elements and other important information.