<html> <head> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <title>Rule 20:06:38 LIFE INSURANCE ILLUSTRATIONS</title> <META NAME="Keywords" Content="Administrative Rules 20:06:38"> <META NAME="Description" Content="Administrative Rules 20:06:38 LIFE INSURANCE ILLUSTRATIONS"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p align=center><b>CHAPTER 20:06:38</b></p> <p align=center><b>&nbsp;</b></p> <p align=center><b>LIFE INSURANCE ILLUSTRATIONS</b></p> <p><b>&nbsp;</b></p> <p><b>&nbsp;</b></p> <p>Section</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:01">20:06:38:01</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Definitions.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:02">20:06:38:02</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Applicability and scope.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:03">20:06:38:03</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Policies to be illustrated.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:04">20:06:38:04</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information required in illustration.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:05">20:06:38:05</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prohibited practices.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:06">20:06:38:06</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate illustrations.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:07">20:06:38:07</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standards for basic illustrations -- Format.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:08">20:06:38:08</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standards for basic illustrations -- Narrative summary.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:09">20:06:38:09</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standards for basic illustrations -- Numeric summary.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:10">20:06:38:10</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standards for basic illustrations -- Statements.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:11">20:06:38:11</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standards for basic illustrations -- Tabular detail.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:12">20:06:38:12</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standards for supplemental illustrations.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:13">20:06:38:13</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic illustration -- Use in sale of policy.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:14">20:06:38:14</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic illustration -- Not used in sale of policy.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:15">20:06:38:15</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic illustration -- Delivery by mail.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:16">20:06:38:16</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic illustration -- Retention by insurer.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:17">20:06:38:17</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual report -- Requirement.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:18">20:06:38:18</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual report -- Content for universal life policies.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:19">20:06:38:19</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual report -- Content for all other policies.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:20">20:06:38:20</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual report -- Policies without nonforfeiture values.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:21">20:06:38:21</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual report -- Notice if in-force illustration not included.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:22">20:06:38:22</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual report -- Notice of change in nonguaranteed elements.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:23">20:06:38:23</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In-force illustration -- Furnished at policy owner s request.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:24">20:06:38:24</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual certification -- Disciplined current scale and illustrated scales.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:25">20:06:38:25</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illustration actuary requirements.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:26">20:06:38:26</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change of illustration actuary.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:27">20:06:38:27</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual certification -- Currently payable scale.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:28">20:06:38:28</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual certification -- Expenses.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:29">20:06:38:29</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual certification -- Additional certifications.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:30">20:06:38:30</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual certification -- Inability to certify scale.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:31">20:06:38:31</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual certification -- Officer of the insurer.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:32">20:06:38:32</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annual certification -- Date due.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:33">20:06:38:33</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disciplined current scale.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:34">20:06:38:34</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expenses.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:35">20:06:38:35</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Generally recognized expense table -- Approval.</p> <p><a href="DisplayRule.aspx?Rule=20:06:38:0A">Appendix A</a>&nbsp;&nbsp; Generally Recognized Expense Table Approved by the Director. </p> <p><a href="DisplayRule.aspx?Rule=20:06:38:0B">Appendix B</a>&nbsp;&nbsp; Sample Acknowledgment.</p> </div> </body> </html>