Section 760IAC1-7-3. Illustrations of benefits payable; restrictions

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   Illustration of Benefits Payable. No illustration shall misrepresent the terms of any Class I(c) Contract or the benefits or advantages promised thereby.

  Illustration of benefits payable under any Class I(c) Contract shall not involve projections of past investment experience into the future or attempted predictions of future investment experience.

  Illustrations of benefits payable, the amount of which may vary by reason of experience factors derived from a segregated investment account, shall be reasonable and shall contain a clear statement that said benefits may vary and are not guaranteed as to fixed dollar amount. (Department of Insurance; Reg 7,III; filed Feb 3, 1964, 9:40 am: Rules and Regs. 1965, p. 97; filed Mar 18, 1970, 10:20 am: Rules and Regs. 1971, p. 205; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 530; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed Nov 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA)

                    
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