Self-supporting illustration definition

Self-supporting illustration means an illustration of a policy form for which it can be demonstrated that, when using experience assumptions underlying the disciplined current scale, for all illustrated points in time on or after the fifteenth policy anniversary or the twentieth policy anniversary for second-or-later-to-die policies (or upon policy expiration if sooner), the accumulated value of all policy cash flows equals or exceeds the total policy owner value available. For this purpose, policy owner value will include cash surrender values and any other illustrated benefit amounts available at the policy owner's election.
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Self-supporting illustration means an illustration of a policy form for which it shall be demonstrated that, if using experience assumptions underlying the disciplined current scale, for all illustrated points in time on or after the 15th policy anniversary or the 20th policy anniversary for second-or-later-to-die policies or upon policy expiration if sooner, the accumulated value of all policy cash flows equals or exceeds the total policy owner value available.
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Self-supporting illustration means an illustration of a
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More Definitions of Self-supporting illustration

Self-supporting illustration means an illustration of a policy for which it can be demonstrated that, when
Sample 1
Self-supporting illustration means an illustration of a policy form, either individual or group, for which it can be demonstrated that, when using experience assumptions underlying the disciplined current scale, for all illustrated points in time on or after the fifteenth policy anniversary or the twentieth policy anniversary for last survivor policies (or upon policy expiration if sooner), the accumulated value of all policy cash flows equals or exceeds the total policyowner value available. For this purpose, policyowner value will include
Sample 1
Self-supporting illustration means an illustration of a policy form for which it can be demonstrated that, when using experience assumptions underlying the disciplined current scale, for all illustrated points in time on or after the fifteenth policy anniversary or the twentieth policy anniversary for second-or-later-to-die policies (or upon policy expiration if sooner), the accumulated value of all policy cash flows equals or exceeds the total policyowner value available. For this purpose, policyowner value will include cash surrender val­ ues and any other illustrated benefits amounts available at the policyowner’s election.
Sample 1
Self-supporting illustration means an illustration of a policy form for which it can be demonstrated that, when using experience assumptions underlying the disciplined current scale, for all illustrated points in time on or after the fifteenth policy anniversary or the twentieth policy anniversary for second-or-1ater-to-die policies (or upon
Sample 1
Self-supporting illustration means an illustration of a 2 policy form for which it can be demonstrated that, when using 3 experience assumptions underlying the disciplined current scale, 4 for all illustrated points in time on or after the fifteenth 5 policy anniversary or the twentieth policy anniversary for 6 second-or-later-to-die policies (or upon policy expiration if 7 sooner), the accumulated value of all policy cash flows equals or 8 exceeds the total policy owner value available. For this 9 purpose, policy owner value shall include cash surrender values 10 and any other illustrated benefit amounts available at the policy 11 owner's election. 12 "Supplemental illustration" means an illustration furnished 13 in addition to a basic illustration that meets the applicable 14 requirements of this part, and that may be presented in a format 15 differing from the basic illustration, but may only depict a 16 scale of nonguaranteed elements that is permitted in a basic 17 illustration. 18 §431:10D-C Policies to be illustrated.(a) Each insurer 19 marketing policies to which this part is applicable shall notify 20 the commissioner whether a policy form is to be marketed with or 21 without an illustration. For all policy forms being actively 22 marketed on the effective date of this part, the insurer shall 23 identify in writing the forms and whether or not an illustration
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Related to Self-supporting illustration

  • Marketing Information means marketing studies, marketing analyses, and similar research and information designed to identify potential customers and business relationships.

  • Identifying information means information that identifies an individual or for which it is reasonably foreseeable in the circumstances that it could be utilized, either alone or with other information, to identify an individual.

  • Catalog means the available list of tangible personal property or services, in the most current listing, regardless of date, during the life of the contract, that takes the form of a catalog, price list, schedule, shelf price or other form that:

  • Rating Information means any information provided for the purpose of determining the initial credit rating for the Notes or undertaking credit rating surveillance on the Notes (as contemplated by paragraph (a)(3)(iii)(C) of Rule 17g-5).

  • Financial Information has the meaning set forth in Section 4.5.