A semiclassical exciton-biexciton model for CuCl is used to obtain the stationary solutions for optical bistability (o.b.) by numerical integration of the second-order Maxwell equation in the limit of large Fresnel numbers. The results obtained from the calculation, which we call exact (ex.), are compared with corresponding numerical results by using the slowly varying envelope approximation (s.v.e.a.) as well as corresponding analytical results obtained by using the mean-field approximation (m.f.a.). The results obtained with the s.v.e.a. are shown to be in close quantitative (within 5%) agreement with the ex. results for each point in the parameter space considered, whereas the m.f.a. gives reasonably good qualitative results only (more than 20% quantitative discrepancy with ex.). Furthermore, o.b. is predicted from these calculations for incident laser field detunings on either side of the two-photon biexciton resonance as well as in the neighbourhood of the resonance. The nonlinearity in the dielectric function that causes o.b. is seen to be very nearly of the Kerr medium type, and consequently, the two-photon biexciton resonance contributes only weakly to the o.b. characteristics.