(a) A supplemental illustration may be provided so long as: (1) It is appended to, accompanied by, or preceded by a basic illustration that complies with this chapter; (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; (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 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. (b) The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information. History of Section.P.L. 1998, ch. 56, § 1.
Rhode Island Legal Code