The following information shall be submitted in connection with any filing of interest-indexed universal life insurance policies (interest-indexed policies). All such information received shall be treated confidentially to the extent permitted by law.

1. A. A description of how the interest credits are determined, including:

   (1) a description of the index;

   (2) the relationship between the value of the index and the actual interest rate to be credited;

   (3) the frequency and timing of determining the interest rate; and

   (4) the allocation of interest credits, if more than one rate of interest applies to different portions of the policy value.

2. B. The insurer’s investment policy, which includes a description of the following:

   (1) how the insurer addressed the reinvestment risks;

   (2) how the insurer plans to address the risk of capital loss on cash outflows;

   (3) how the insurer plans to address the risk that appropriate investments may not be available or not available in sufficient quantities;

   (4) how the insurer plans to address the risk that the indexed interest rate may fall below the minimum contractual interest rate guaranteed in the policy;

   (5) the amount and type of assets currently held for interest indexed policies; and

   (6) the amount and type of assets expected to be acquired in the future.

3. C. If policies are linked to an index for a specified period less than to the maturity date of the policy, a description of the method used (or currently contemplated) to determine interest credits upon the expiration of such period.
4. D. A description of any interest guarantee in addition to or in lieu of the index.

5. E. A description of any maximum premium limitations and the conditions under which they apply.

   [12-1-85; Recompiled 11/30/01]