NAIC - Illustration Model Regulation - Comments

  • Walker v LSW - Judge - Video
  • NAIC Proc - 1990s - end of Working Group  - Good Job
  • One of the first things that a serious reader of the NAIC Life Insurance Illustrations Model Regulation will realize is that it is not a tightly written document.

--  Thomas L. Bakos (of the Guardian will speak as the appointed illustration actuary of a life insurance company)

1996 - SOA - Implementing the Illustration Regulation: The Clock Is Ticking, Society of Actuaries - 25p

  • Commissioner Wilcox said that he admitted that the working group <Life Disclosure Working Group> had gotten a little sloppy on its terminology, but it had been clear all along that the working group was focusing on sales.

-- Robert E. Wilcox - Chairman of the Life Disclosure Working Group (NAIC) 

1996-4V2, NAIC Proceedings

  • I'm a member of the NAIC working group that developed this regulation and I am terribly disappointed.
  • I have been interested in the illustration issue for probably 15 or 20 years, and some of you may know that when I became President of the SOA, the first thing I did was establish the task force that developed the report on sales illustrations.
  • Tragically, what's come out of this process doesn't do the job.

--  Daphne D. Bartlett

1995 - SOA - Sales Illustrations, Society of Actuaries - 14p