Mr. Adams asked if it was the intent of the working group to consider placing the burden of suitability on the company.
- He said the draft language speaks of using a correct illustration, without emphasizing whether the illustration is of a policy that is right for the policyholder.
1994-3, NAIC Proc.
FIND: NAIC notes, 1,2,3,
2. Discuss Suitability White Paper
The working group reviewed the white paper (Attachment Four-B)
1999-4v2, Suitability Working Group
2002 - MY CUSTOMER'S KEEPER: THE SEARCH FOR A UNIVERSAL SUITABILITY STANDARD IN THE SALE OF LIFE INSURANCE. Richard J. Wirth, Western New England Law Review
2013 - Suitability and Non-Maleficence: A Proposal for Insurance Producer Regulatory Reform, Mark Franke, Loyola
1958 - Knox v Anderson , Hawaii
2010 - Pike v New York Life, New York