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§ 48-23a-050 — Washington Law | CourtGPT
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Washington Legal Code

§ 48-23a-050

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RCW 48.23A.050Supplemental illustration—Conditions for use—Reference to basic illustration.(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 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 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.[ 1997 c 313 s 7.]