HRS §431:10D-406
Rules for extra life insurance illustrations
This section sets rules for when an insurance company can give you an extra illustration (a picture of how your policy might work) along with the main one. The extra one must follow the main one's numbers and include a warning that some values aren't guaranteed.
everyone
The statute, as written — Standards for supplemental illustrations
(a) 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 this part; (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. (b) The supplemental illustration shall include a notice referring to the basic illustration for guaranteed elements and other important information.
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