In connection with any advertising, solicitation, negotiation, or procurement of a fixed premium universal life insurance policy:

1. (1) Any statement of policy cost factors or benefits shall contain:

   1. (a) The corresponding guaranteed policy cost factors or benefits, clearly identified;
   2. (b) A statement explaining any nonguaranteed nature of the current premiums, interest rates, charges, or other fees applied to the policy, including the insurer's rights to alter any of these factors; and
   3. (c) Any limitations on the crediting of interest, including identification of those portions of the policy value to which a specified interest rate shall be credited.
2. (2) Any illustration of the policy value shall be accompanied by the corresponding cash surrender value.
3. (3) Any statement regarding the crediting of a specific current interest rate shall also contain the frequency and timing by which such rate is determined.
4. (4) Any illustration of the policy benefits based upon nonguaranteed interest, mortality, morbidity, expense charges and loads, other current charges, current surrender or partial withdrawal charges shall be accompanied by a prominent statement indicating that these benefits are not guaranteed.

[Statutory Authority: RCW 48.02.060. WSR 86-02-011 (Order R 85-5), § 284-84-080, filed 12/20/85.]