NDAC 45-04-01.1-06
Standards for supplemental illustrations
Cite as N.D. Admin. Code ยง 45-04-01.1-06
1.
A supplemental illustration may be provided as long as:
a.
It is appended to, accompanied by, or preceded by a basic illustration that complies with
this chapter;
b.
The nonguaranteed 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 nonguaranteed
elements are not guaranteed; and
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.
For policies that do not require a contract premium, the premium outlay underlying the
supplemental illustration must be equal to the premium outlay shown in the basic
illustration.
2.
The supplemental illustration must include a notice referring to the basic illustration for
guaranteed elements and other important information.