ATTTACHMENT TWO-B
Draft 4/11/88
RE: Proposed Regulations Concerning the Valuation of Universal Life Insurance Plans

• The regulation provides for the pre-funding of cash values, so that the amounts will be available upon policyholder demand, and will not be contingent upon sufficient surplus being available at that time to cover what is the equivalent to a demand deposit.  (p434)

1988-2, NAIC Proceedings