1975 1203 /1204 - GOV (Senate) - Veterans Insurance Information Disclosure, Senator Stone
- 1975 1203 and 1204 - GOV (Senate) - Veterans Insurance Information Disclosure, Senator Stone (D-FL)
- [PDF-989p/1065p-GooglePlay] --- [BonkNote]
- Senate - Committee on Veterans' Affairs - Subcommittee on Housing and Insurance
- (p43) - Dan Andersen: ....so we developed a buyer's guide concept where we want to explain how you use the index.
- Well, if you explain how to use the index, you ought to explain what the policy is and what choices a buyer has,
- and we became convinced that the worst decisions that were made weren't necessary because the buyer bought a high cost policy but that he bought an inappropriate policy for his needs and for his budget.
- Senator Stone (D-FL). In other words, what we're looking for is not relative cost so much as relevance.
- Dan Andersen. Right, relevance to the buyer's needs and abilities to pay.
-- Dan Andersen, director of the Life and Health Insurance Division and chief actuary of the Iowa Insurance Department and chairman of the Cost Disclosure Task Force of the NAIC
- (p66) "Report to the National Association of Insurance Commissioners Life Insurance Cost Comparisons (C3) Task Force", a report prepared by the American Life Insurance Association Subcommittee on Cost Comparisons, Research Project No. 8
- (p178) - "Consumers' reactions to life insurance policy cost comparison methods," by the Life Insurance :Marketing and Research Association, Research Project 4
- (p255) - Statement of Joseph Belth
- (p269)- AP - Deceptive Sales Practices in the Life Insurance Business, Joseph M. Belth, The Journal of Risk and Insurance, Vol. 41, No. 2 (Jun., 1974), pp. 305-326 (22p), Published By: American Risk and Insurance Association <ARIA>
- (p959) - The "Manipulation" issue; research project 12 (Jan. 28, 1975), by E. J. Moorhead, F.S.A
- Analysis of life insurance cost comparison index methods (Sept. 1974).
- Life insurance consumers, publications entitled: What do consumers know about life insurance, including their own and what do consumers want to know at the point of sale?
- An exploratory study of attitudes and expectations regarding cost comparison.
- A National survey of cost comparison attitudes and experience