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Academic  |  Actuarial  |  Government  |  Industry |  Law  |  Regulation  | Policies 

Three - NAIC Working Group Notes
Four - MAIN
Five - Academic
Six - Actuarial
Seven - Consumer Reps
Eight - Government
Nine - Industry
         -A) ACLI
         -B) NAIFA
         -C) Agents
               -Training
               -Legal Cases
Ten - Law
Eleven - Media
Twelve - NAIC
Thirteen - "Mission Snippets"
Fourteen -Issues / Topics
Fifteen - Projects
Fifteen - Interested People
Sixteen - "Ralph Nader Didn't Say it"
Seventeen - Solutions???
Eighteen - Read About

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FOUR - www.bonknote.com/four

Companies - www.bonknote.com/4-companies/

Groups - 

Illustrations - www.bonknote.com/4ils/

INDEX - www.bonknote.com/4index/

People - www.bonknote.com/4ppl/

Words and Concepts -  www.bonknote.com/4wacs/

Working Groups (NAIC) - 

 

Academics - 

References

http://www.bonknote.com/academic-papers/

People
Brenda Cude

Mehr, David Lange, Joseph Belth

Actuarial

References
1991-1992 - FINAL REPORT* OF THE TASK FORCE FOR RESEARCH ON LIFE  INSURANCE SALES ILLUSTRATIONS  - 142p

1998, Market Conduct: A New Actuarial Frontier, Society of Actuaries

People
Donna Megregian

Donna Claire

Shane Chalke, Judy Faucett

Daphne Bartlett, Walter Miller

Industry

ACLI

References
-1982-1 p399 - ACLI - Cost Disclosure for Universal Life - 4p 

People
-Michael Lovendusky, Emily Micale, John Bruins
-Gary Hughes, Tony Spano, John Booth

NAIFA (formerly NALU)

References
-NALU / NAIFA Statement - Illustrations -1994-1,  431 

People
Gary Sanders

Robert M. Nelson
1993 - SALES ILLUSTRATIONS - WE CAN'T LIVE WITH THEM, BUT WE CAN'T LIVE WITHOUT THEM!, Society of Actuaries

Law - 

Words and Concepts-  
Reliance (Justifiable / Reasonable), Puffery, Material Misrepresentation, Scienter

Legal Cases-
-Blumenthal vs New York Life
-Vogt vs State Farm

Law Reviews- 

Coverage Information in Insurance Law, Daniel Schwarcz, 101 Minnesota Law Review 1457 (2017)

The No-Reading Problem in Consumer Contract Law.  Ayres, I., & Schwartz, A. (2014). Stanford Law Review, 66(3), 545-609. 

LIABILITY ISSUES IN THE SALE OF LIFE INSURANCE. Richmond, D. (2005).Tort Trial & Insurance Practice Law Journal, 40(3), 877-909

http://www.bonknote.com/law-reviews-papers/

 

 

 

Policies

- Universal Life
   - Descriptions - Historic, Current
   - People- 
      - George R. Dinney  
      - James CH Andersen

- Adjustable Life -
    - People
       - Walter Chapin - Minnesota Mutual Life
       - Charles Trowbridge - Bankers Life

 

NAIC References

-NAIC / LIMRA Consumer Testing - Universal Life Disclosure Form -1990-1A p464 -  10p

-Policy Information For Applicant – Universal Life Policy, 1990-1 

-NAIC Position Paper - White Paper on Illustrations - 1993-3, Life Insurance Disclosure Model Regulation - 443 (4) 


http://www.bonknote.com/naic-references/

Regulation / NAIC

Model Regulations (Adopted)
-Unfair Trade Practices
-Life Insurance Disclosure (Solicitation) 
  -Life Insurance Buyer's Guide
-Universal Life 
-Life Insurance Illustrations

Working Groups / Task Forces, etc
-Universal Life Insurance (A) Task Force
-Universal & Other Plans (A) Task Force
-Product Development (A) Task Force
  -Consumer Disclosure Issues (A) Working Group
-Life Disclosure Working Group

People
Huff
Garamendi
Wright
Wilcox
New Jersey Guy
William Hager

 

NAIC Snippets

"Problems spotted during a market conduct review can be a precursor to financial solvency concerns."  NAIC Webpage, https://content.naic.org/cipr_topics/topic_market_conduct_regulation.htm

Words and Concepts

Market Conduct
Valuation
Unfair Trade Practices

Topics / Questions

-Performance
-Policy Overview
-How are Policies Described? Example: Universal Life
-How do Agents use "Policy Summaries?"
-NGEs vs G's only - History
-Role of NAIC re: consumer assistance
-Target Market
-Focus Groups
-How to tell consumers without breaking the system

-Words and Concepts-
  -Premium vs Charges
  -UL -Perm, Whole, Dynamic, 

Projects

 
  • Life Insurance Buyer's Guide - Compare and Contrast Versions
    • Universal Life descriptions
      • Special Plans
    • Premium vs Charges
    • Authors
    • Cash Value vs Cash Surrender Value
  • Universal Life Explanations
    • Recent NAIC Working Group Question
  • Mix and Match
  • CIPR Questions re: Illustrations Regulations
    • Annotated Model Regulations
      • Illustrations
      • Disclosure
      • Universal Life
 

People who find Life Insurance Interesting
-Jeffery Stempel
-Mark Dorfman
-Mehr

Illustrations-History

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