Delaware Administrative Code
Title 18 - Insurance
1200 - Life Insurance and Annuities
1210 - Life Insurance Illustrations [Formerly Regulation 62]
Section 1210-8.0 - Standards for Supplemental Illustrations
Universal Citation: 18 DE Admin Code 1210-8.0
Current through Register Vol. 28, No. 3, September 1, 2024
8.1 A supplemental illustration may be provided so long as:
8.1.1 It is appended to, accompanied by or preceded by a basic illustration that complies with this regulation;
8.1.2 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;
8.1.3 It contains the same statement required of a basic illustration that non-guaranteed elements are not guaranteed; and
8.1.4 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.
8.2 The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information.
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