NAIC - Walker v LSW

(p29-30) - Dr. Patrick Brockett

Q When you were offering that statement, you don't actually know what the NAIC regulations require or preclude in terms of what could be disclosed; do you?
MR. BROSNAHAN: Objection, Your Honor, as to what
the NAIC --
THE COURT: Overruled.
THE WITNESS: I don't know what the NAIC says in ...

2014 0415 – DOC 808 – Trial Transcript – Walker v LSW – 229p

(p97-98) - Matthew DeSantos - LSW’s Senior Vice-President of Distribution and Business Development (himself a former insurance agent) - DOC 792 p27>

A Sure. The National Association of Insurance Commissioners created a model regulation designed to ensure that customers are not misled.
Q Then can you read the next slide. We will pull it up here.

A But life insurance illustrations are complex and still need further explanation.

  • A sound understanding of illustrations and how they are constructed is important in every sale.

Q Is this training material designed to provide that sound understanding?
A Yes.

2014 0423 – DOC 812 – Trial Transcript – Day 10 – Walker v LSW – 194p