Demand Deposit

  • Demand deposits are funds on deposit with banks; they are subject to immediate withdrawal and are classified as cash. (p434)

1988-2, NAIC Proceedings – Life and Health Actuarial (EX5) Task Force 

  • 1988 0411  (Draft) – RE: Proposed Regulations Concerning the Valuation of Universal Life Insurance Plans – ATTTACHMENT TWO-B
    • 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

  • 2014 0520 – GOV (House) – Legislative Proposals to Reform Domestic Insurance Policy – [PDF-128p
    • p17 – ACLI – Gary Hughes