(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 OAR 836-051-0500 to 836-051-0600;
- (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.
Statutory/Other Authority
ORS 731.244 & 746.240
Statutes/Other Implemented
ORS 746.075, 746.085, 746.100, 746.110 & 746.240
History
ID 5-1997, f. 5-27-97, cert. ef. 7-1-97