Insurance Policy Illustration Requirements

It must include the assumed date of payment receipt and benefit pay-out within a policy year (correct)

It must be prepared without any explanatory notes

It must not be labeled with the date it was prepared

It must show the issue age of the insured without any tabular detail

The assumed date of the insured's birth

The assumed date of payment receipt and benefit pay-out within a policy year (correct)

The age of the proposed insured as a component of the tabular detail

The date of the policy issuance

Without any numbering to show relationship to total number of pages

To show the birthdate of the proposed insured

With the assumed date of policy issuance

To show its relationship to the total number of pages in the illustration (correct)

<p>It must show the issue age plus the number of years the policy is assumed to have been in force</p> Signup and view all the answers