Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 28.00 - Life Insurance Illustrations
Section 28.08 - Standards for Supplemental Illustrations
Universal Citation: 211 MA Code of Regs 211.28
Current through Register 1531, September 27, 2024
(1) A supplemental illustration may be provided so long as:
(a) It is appended to, accompanied by or
preceded by a basic illustration that complies with
211
CMR 28.00;
(b) 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;
(c) It contains the same statement required
of a basic illustration that non-guaranteed 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 shall be equal to the premium outlay shown in the
basic illustration.
(2) The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information.
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