(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 this chapter;
(b) 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;
(c) It contains the same statement required of a basic illustration that nonguaranteed 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.
[ 1997 c 313 § 7.]