(a) A supplemental illustration may be provided so long as:

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Terms Used In Hawaii Revised Statutes 431:10D-406

  • Contract: A legal written agreement that becomes binding when signed.
(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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