Fatally Flawed

  • 199x NAIC proceedings - Senator Metzenbaum referencing report from 13 years ago

At your meeting in December 1980 in New York, the Task Force presented a report stating that the interest adjusted method is "defective and fatally flawed." That is the opinion of other creditable persons not a part of the committee but are educators or actuaries at companies or departments of insurance.  (p396)

-- STATEMENT TO COST DISCLOSURE COMMITTEE OF JOE A. MINTZ

1982-1, NAIC Proceedings

This deficiency led one NAIC group to conclude that the system of relative cost disclosure was "fatally flawed and seriously defective."

1995 - JIR - Symposium on the regulation of life cost disclosure and market conduct - Tom Foley, Carolyn Johnson

INTERIM REPORT OF THE NAIC TASK FORCE ON LIFE INSURANCE DISCLOSURE SYSTEM
(December 3, 1980)
[Editor's Note-The December 3 interim LIDS report is substantially similar to the October 30 LIDS report.] (p548)

1981-1