Section 8. Disclosure Requirements

• The main concern was that an unsophisticated buyer purchased a policy and did not know what the coverages, benefits and limitations were. 
• (2) adequate disclosure of the fact that a premium quoted will not support the contract for the whole life if the policy is a Universal Life policy; 

1988 Proc. II 566

Universal Life Model Regulation - Citations (ULMR) (MDL-585)