- 2000 - NAIC - Suitability of sales of life insurance and annuities - 33p
- Suitability and Best Interest in Life Insurance and Annuity Transactions - Regulation 187 - New York State Department of Financial Services Insurance (11 NYCRR 224)
- 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 - 51p
- 2013 - Suitability and Non-Maleficence: A Proposal for Insurance Producer Regulatory Reform, Mark Franke, Loyola - 35p
- 1958 - Knox v Anderson , Hawaii
- 2010 - Pike v New York Life, New York
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,
- Universal Life might well be a more appropriate product than Adjustable Life for the very sophisticated, very high premium, as you mentioned, product or sale.
- However, I think that there is a major segment out there where Universal Life Just would not fit.
- Universal Life seems to be taking a giant step forward.
- Adjustable Life may be a reasonable middle ground which our agents and our potential policyholders can understand a little bit better than the Universal Life concept at the present time.
-- Spencer Koppel
1979 - FUTURE TRENDS AND CURRENT DEVELOPMENTS IN INDIVIDUAL LIFE PRODUCTS, Society of Actuaries, rsa79v5n44 - 24p
- John Montgomery (Calif.) said that complicated products <Universal Life, etc> are not understood by the typical applicant.
- Commissioner Wilcox said that a "typical applicant" for a sophisticated policy should be a sophisticated applicant, and he acknowledged that the wording might need to be clarified in that instance.
1994-3 - NAIC Proceedings