Law

  • Monitoring of litigation may alert regulators to issues that the regulatory system has not yet addressed.

2008-3, NAIC Procceedings

  • Misstates the document
  • Who would be the most knowledgeable person
  • Insurance has historically been something of a Rodney Dangerfield of the law.
    • If lawyers and teachers cannot embrace insurance as an appealing subject, it should come as no surprise that most laypersons think of insurance as boring. 

2011 - Book - Principles of Insurance Law, 4th Ed. - Stempel

  • Many phrases and sections of the life insurance contract have been derived from court tests or regulatory or legislative fiat.

1976 -  SOA - Cost Comparisons and Policy Language, Society of Actuaries - 16p

  • - LR - JUDICIAL DEREGULATION OF CONSUMER MARKETS, Max N. Helveston†
  • 1996 - SOA - Legal Issues Affecting Nontraditional Products, Society of Actuaries - 14p
  • 1999 - SOA - The Role of the Actuary in Litigation Support, Society of Actuaries - 16p

Words and Concepts 

  • Amiguity
  • Discovery, Delayed discovery rule
  • Duties - Duty to Speak, Duty to Read, Fiduciary Duty
  • Fact Finding  
  • Fraud 
  • Material Fact 
  • Misrepresentation - Material 
  • Negligence 
  • On Notice 
  • "presumptive knowledge of facts"
  • Private Cause of Action
  • Puffery 
  • Reasonable Person / Reasonableness / Reasonable Expectations 
  • Reliance - Justifiable, Reasonable 
  • Statute of Limitations 
  • Finding of Facts and Conclusions of Law
  • DEVELOPMENTS IN BANKING AND FINANCIAL LAW: 2009-2010, THE SHADOW FINANCIAL SYSTEM - 105p
  • Veil of ignorance John Rawls Social Contract
  • “Voluntary Dismissal with Prejudice”, Randolph vs Lincoln

Types of Law 

  • Administrative Law 
  • Agency Law 
  • Contract Law 
  • Insurance Law