Nonguaranteed
- He questioned the appropriateness of taking non-guaranteed elements and making them guaranteed as suggested as a penalty in the white paper.
1993-3, NAIC Proceedings
- Our Lexington report alluded to the controversial issue of nonguaranteed policy element illustrations.
- Currently the issue is being addressed by four different groups:
- NAIC - this task force;
- NAIC - Life Insurance (A) Committee's Cost Disclosure Task Force
- AAA - American Academy of Actuaries Task Force on Nonguaranteed Elements
- ACLI - American Council of Life Insurance's Subcommittee on Cost Comparisons.
- For this reason, subsection 14(b) should await the consensus of opinion on this issue at the December meeting. (p137)
- Currently the issue is being addressed by four different groups:
Report of the Market Conduct and Consumer Affairs (Ex3) Advisory Committee, June 22, 1987, Rules Governing the Advertising of Life Insurance and Life Insurance Products Coupled with Annuities
1987-2, NAIC Proceedings