Universal Life Policy Filings And Reserves

• • • • • St moo ` 0 •• • r 4. 7 ••• tit ARKANSAS INSURANCE DEPARTMENT 400 University Tower Building le Little Rock, Arkansas 72204 Ph. 501 371-1325 Linda N. Gamer Insurance Commissioner July 13, 1984 BULLETIN NO. 8-84 TO: ALL LIFE INSURERS LICENSED IN THE STATE OF ARKANSAS FROM: ARKANSAS INSURANCE DEPARTMENT SUBJECT: UNIVERSAL LIFE POLICY FILINGS AND RESERVES All universal life policy filings must include a Statement of Method demonstrating compliance with the valuation and nonforfeiture sections of Rule and Regulation 34. Also each filing must include a Certificate of Compliance in regards to Rule and Regulation 34. This certificate must be signed by an officer of the company and a qualified actuary. When calculating the reserves under the minimum reserves method in Rule and Regulation 34, in no case shall the reserves be less than the actual cash surrender values provided for under the policy contract. Linda N. Garner Insurance Commissioner AN AGENCY OF THE ARKANSAS DEPARTMENT OF COMMERCE An equal opportunity employer