One point should be mentioned that, from a research point of view, does tie together the proposed NAIC recommendation and the Hart subcommittee activities.
That is the data bank that Senator Hart and his staff have accumulated, and may choose to add to, by questionnaire.
The NAIC-drafted proposal envisions that the Hart data bank will be available for calculations and analyses in order to accomplish some of the research projects in their proposal. Should the Society eventually be engaged in research regarding the various cost disclosure/cost comparison methods, it probably would be with the use of that bank of statistical data.
1973 - PRICE DISCLOSURE AND COST COMPARISON, Society of Actuaries
1974-1, NAIC Proceedings