Meaningful Disclosure
- Teresa Winer (GA) said that disclosure is helpful, but only if it is meaningful.
2019 0917 - NAIC Proceedings (Fall, 6-77) - LIIIWG - Life Insurance Illustrations Working Group
- .... would they know what that really means in terms of the risk to them and how it would interact with......
-- Brian Brosnahan, Plaintiff Attorney
LC - Walker v LSW - Case 2:10-cv-09198-JVS-JDE Document 813 Filed 07/06/15 Page 84 of 224
- Ed Zimmerman, American Council of Life Insurers, expressed his concern about meaningful disclosures
- stating that the ACLI did not believe the proposed amendments to the Rules Governing the Advertising of Life Insurance and the Life Insurance Disclosure Model Regulation provide meaningful disclosure.
1991-1A, NAIC Proceedings
- Another key issue is something that we're calling real disclosure.
- I would like you to think in terms of a friend or a cousin or someone who is not in this business but who reads our disclosure document.
-- Thomas C. Foley (State Regulator)
1997 - SOA - Keeping Current on Fixed Annuities, Society of Actuaries - 12p
- Section 10B(1). George T. Coleman (Prudential) asked for modification to this subparagraph to accommodate both additional premium and actuarial discount designs.
- He said that the words "benefits accelerated" are susceptible to two different interpretations and the correct interpretation would be that they mean the gross amount accelerated to produce the actual accelerated benefit
1991-1A, NAIC Proceedings - Accelerated Benefits Working Group of the Life Insurance (A) Committee - Life Insurance Committee
- First, he will find that the usual notions of lapse, select mortality, maintenance expenses and the like begin to lose their meaning when applied to the ALI "class."
- Is reduction of premium a partial lapse?
- What about reduction of face amount, or reduction of the coverage period?
- ⇒ [Bonk: ALI = Adjustable Life Insurance]
-- J. Peter Duran
1979 - SOA - The Adjustable Life Decisions, Society of Actuaries - 18p