Section 375.1515 Supplemental illustrations permitted, when

Section 375.1515 Supplemental illustrations permitted, when — notice required.

MO Rev Stat § 375.1515 (2019) (N/A)

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Effective 28 Aug 1998

375.1515. 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)

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Section 375.1512 Basic illustration, requirements, contents.

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Section 375.1518 Use of basic illustration at time of sale of policy, revised illustration — illustration provided at time of policy delivery, certification, acknowledgment — illustrations sent by mail, requirements — copies to be retained, when — policy summary not required, when.