2018 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 375 - Provisions Applicable to All Insurance Companies
Section 375.1515 Supplemental illustrations permitted, when — notice required.
Effective 28 Aug 1998
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 375375.1515. Supplemental illustrations permitted, when — notice required. — 1. 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 sections 375.1500 to 375.1527;
(2) 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;
(3) It contains the same statement required of a basic illustration that nonguaranteed 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.
2. The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information.
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(L. 1998 S.B. 722 § 11)
