L&HPennsylvaniamedium
Under Pennsylvania's policy illustration regulation, which statement about illustrations used in the sale of life insurance is correct?
A signed illustration matching the policy as issued must be retained by the insurer.
BIllustrations are optional and need not be left with the applicant.
COnly guaranteed values may be shown; non-guaranteed elements are prohibited.
DIllustrations may project an interest rate above the insurer's currently declared rate.
Why this is the answer
31 Pa. Code Ch. 83 governs life insurance illustrations in Pennsylvania. The producer and applicant must sign an illustration conforming to the policy as actually issued, and the insurer must retain it; both guaranteed and non-guaranteed elements may be shown subject to disclosure rules.
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