Lapse-supported illustration definition

Lapse-supported illustration means an illustration of a policy form failing the test of self-supporting as defined in this regulation, under a modified persistency rate assumption using persistency rates underlying the disciplined current scale for the first five (5) years and 100 percent policy persistency thereafter.
Lapse-supported illustration means an illustration of a policy form failing the test of self-supporting as defined in sections 61A.70 to 61A.745, under a modified persistency rate assumption using persistency rates underlying the disciplined current scale for the first five years and 100 percent policy persistency thereafter.
Lapse-supported illustration means an illustration of a policy form failing the test of self-supporting as defined in this rule, under a modified persistency rate assumption using persistency rates underlying the disciplined current scale for the first five years and one hundred per cent policy persistency thereafter.

More Definitions of Lapse-supported illustration

Lapse-supported illustration means an illustration of a policy form failing the test of self-
Lapse-supported illustration means an illustration of a policy failing the test of self‑supporting as defined in this Section, under a modified persistency rate assumption using persistency rates underlying the disciplined current scale for the first five years and 100 percent policy persistency thereafter.
Lapse-supported illustration means an illustration of a policy form for individual or group life insurance failing the test of self-supporting as defined in this Section, under a modified persistency rate assumption using persistency rates underlying the disciplined current scale for the first 5 years and 100% policy persistency thereafter.
Lapse-supported illustration means an illustration of a policy form failing the test of self-supporting as defined in this act, under a modified persistency rate assumption using persistency rates underlying the disciplined current scale for the first five
Lapse-supported illustration means an illustration of a
Lapse-supported illustration means an illustration of a policy form failing the test of self-supporting as defined in this chapter, under a modified persistency rate assumption using persistency rates underlying the disciplined current
Lapse-supported illustration means an illustration of a policy form failing the test of self-supporting as defined in this act, under a modified persistency rate assumption using persistency