ARSD 20:06:38:04. Information required in illustration

An illustration used in the sale of a life insurance policy must satisfy the applicable requirements of this chapter, be clearly labeled “life insurance illustration,” and contain the following basic information: (1) The name of the insurer; (2) The name and business address of the agent or the insurer’s authorized representative, if any; (3) The name, age, and sex of the proposed insured, unless a composite illustration is permitted under this chapter; (4) The underwriting or rating classification on which the illustration is based; (5) The generic name of the policy, the company product name, if different, and the form number; (6) The initial death benefit; and (7) The dividend option election or application of nonguaranteed elements, if applicable.