Government Hearings - 1970s

  • 1972 - GOV - ???
    • Federal interest in disclosure has extended into the automobile business (price stickers in windows), lending (truth-in-lending laws), drugs (truth in labeling), etc.

      Such things can be stated with certainty, e.g. the price of an automobile or accessories, the rate of interest being charged on a loan, or the amount of certain ingredients in drugs.

      But, we have seen that a life insurance cost illustration is different.

      No one knows or can predict with certainty what the results will be.

      • We have seen that refining the illustration for that is what the various proposals over the years have undertaken to do -- cannot add to their certainty.  (p17)

      1972 0221 - NAIC to Senate - Stanley Durose - TILI - [link]

      1. 1972 0221 - NAIC to Senate - Stanley Durose - TILI - 64p
      2. 1972 0221 - NAIC to Senate - Stanley Durose - TILI - 56p

      Senate - Subcommittee on Antitrust and Monopoly Legislation

  • 1973 / 1974 - GOV (Senate) - The Life Insurance Industry, Senator Hart (D-MI) - 4 Parts --- [BonkNote]
  • 1973 0523/0612 - GOV (Senate) - Review of Veterans' Insurance Programs, Senator Harold E. Hughes - 2 parts
    • Part 1 - 0523 - [PDF-909p-GooglePlay] ->Not on govinfo.gov
      • Veterans' Insurance Act of 1973, and Related Bills
    • Part 2 - 0612 - [PDF-545p-GooglePlay] ->Not on govinfo.gov
    • Senate - Committee on Veterans' Affairs - Subcommittee on Housing and Insurance
  • 1975/1976 111275 and 042076 - GOV (Senate) - Review of Veterans Housing and Insurance Programs
    • [PDF-917p-GooglePlay]
    • Senate - Committee on Veterans' Affairs - Subcommittee on Housing and Insurance
  • 1975 1203 and 1204 - GOV (Senate) - Veterans Insurance Information Disclosure, Senator Stone (D-FL)
    • [PDF-989p-GooglePlay] --- [BonkNote]
    • 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 (22 pages), Published By: American - Risk and Insurance Association
    • Senate - Committee on Veterans' Affairs - Subcommittee on Housing and Insurance 
  • 1976 0304, 0309, 0311, and 0316 - GOV (House) - The Financial Reform Act of 1976 - Part 1
    • [PDF-589p-GooglePlay]
    • House - Committee on Banking, Currency and Housing - Subcommittee on Financial Institutions Supervision, Regulation and Insurance  
  •  1976 0317 and 0323 - GOV (House) - The Financial Reform Act of 1976 - Part 2
    • [PDF-761p-GooglePlay]
    • Credit Life Insurance
    • House - Committee on Banking, Currency and Housing - Subcommittee on Financial Institutions Supervision, Regulation and Insurance 
  • 1977 0503, 0504, 0505, 0511 and 0512 - GOV (Senate) - Oversight of Antitrust Enforcement
    • [PDF- 915p-GooglePlay
    • A competitive market embodies Adam Smith's celebrated "invisible hand."
    • (p438) - Corporate giantism threatens our democratic institutions.  <Too Big to Fail>
    • (p451) - ... it seems to me advisable for the Congress to review the appropriateness of the exemptions and immunities that have been carved out as exceptions to our policy of competition. - Insurance
      • Antritrust Division reports - 
    • (p666-674) - Organization and Members of the Temporary National Economic Committee [TNEC], Report #s
      • (p672) - "monograph" "28" "sec" "life insurance"
    • (p760) - A Study of the House and Senate Judiciary Committees, Peter H. Schuck, Director, The Ralph Nader Congress Project
      • For in the ultimate perversion of the marketplace, our dinosaur firms may grow so large that, what ever their inefficiencies, the government cannot afford to let them fail.  <Too Big to Fail>
    • Senate - Committee on the Judiciary - Subcommittee on Antitrust and Monopoly
  • 1977 0628 and 0630 - GOV (Senate) - Disclosure of Insurance Policy Information to Veterans, Senator Stone (D-FL)
    • [PDF-415p-GooglePlay] ->Not on govinfo.org
    • Senate - Committee on Veterans' Affairs - Subcommittee on Housing, Insurance, and Cemeteries
  • 1977 0912, 0913 and 0914 - GOV (Senate) - Federal Insurance Act of 1977
    • [PDF-813p-GooglePlay] - <BonkNote>
    • NAIC - Insurance Commissioner of the State of California and Member of the Executive Committee - 1978-1, NAIC Proceedings (p830-)
    • Senator Edward BROOKE (R-MA). Mr. Chairman, on June 16 of this year I introduced S. 1710, titled The Federal Insurance Act of 1977.
      • This bill is a revised version of S. 3884. which I introduced at the end of the 94th Congress.
      • The bill grew out of my concern about the financial condition of the property casualty insurance business.
    • To Authorize The Issuance Of Charters For Carry Ing On The Business Of Insurance, To Provide For The Guarantee Of The Insurance Obligations, And For Other Purposes
    • Senate - Committee on Banking, Housing and Urban Affairs
  • 1978 0807, 0814 and 0815 - GOV (House) - Life Insurance Marketing and Cost Disclosure, Congressman Moss (D-CA)
    • [PDF-1049p-GooglePlay]  -  [PDF-826p-govinfo.gov] 
    • 1978 12 - GOV (House Report) - Life Insurance Marketing and Cost Disclosure Report Together with Dissenting Views, Congressman Moss (D-CA) - [PDF-109p] --- [BonkNote]
    • House - Committee on Interstate and Foreign Commerce - Subcommittee on Oversight and Investigations
  • Debit life insurance industry : hearings before the Subcommittee on Antitrust, Monopoly, and Business Rights of the Committee on the Judiciary, United States Senate, Ninety-sixth Congress, first session ... March 12 and 16, 1979
  • 1979 1011 and 1022 (Part 1) - GOV (House) - Small Business Problems with Insurance, John LaFalce (D-NY)
    • Part 1 - 1979 1011/22  - [PDF-337-GooglePlay]
    • House - Committee on Small Business - Subcommittee on General Oversight and Minority Enterprise
  • 1979 0524 - GOV (Senate) - Cost Disclosure in Life Insurance, Senator Metzenbaum (D-OH)
    • [PDF-279p-GooglePlay]
    • Senate - Committee on the Judiciary - Subcommittee on Antitrust, Monopoly and Business Rights
  • 1979 0710 and 1017 - GOV (Senate) - FTC Study of Life Insurance Cost Disclosure, Senator Howard Cannon (D-NV) 
  • Credit life insurance : hearing before the Subcommittee on Antitrust, Monopoly, and Business Rights of the Committee on the Judiciary, United States Senate, Ninety-sixth Congress, first session ... November 14, 1979

MOSS

  • 1978 - SOA - Life Insurance Marketing and Disclosure - Moss Report, Society of Actuaries - 18p
  • 1979 - SOA - Cost Disclosure (Moss Report), Society of Actuaries - 18p