Archive for December 2020
Life Marketing Practices to Senior Citizens Working Group – NAIC
Life Marketing Practices to Senior Citizens Working Group – NAIC Superintendent Stokes concurred, stating that she has serious problems with providing the disclosure form after the consumer has made a decision to purchase the policy. She did not feel the free-look period was an acceptable substitute for giving the disclosure information at an earlier time.…
Read MoreEntire Contract Clause
Entire Contract Clause 5. Adopt November 21 and December 1 Minutes to Life Marketing Practices to Senior Citizens – Working Group and Amendments to Life Insurance Disclosure Model Regulation and Disclosure Form Commissioner David Lyons (Iowa) commended David Rodgers (Wash.), Jim Swenson (Ore.), Dean Gallagher (Okla.), Bob Wright (Va.), Roger Strauss (Iowa) and NAIC staff…
Read MoreIllustrated Interest Projections Bulletin – NAIC
Illustrated Interest Projections Bulletin 1994-1A – Bulletin on Illustrated Interest Projections Amended Exposure Draft (Attachment Eight-A) ………. 561 7. Adopt Illustrated Interest Projections Bulletin Commissioner Mike Weaver (Ala.) said that he, Commissioner Doug Green (La.) and Neil Rector had drafted a bulletin to assist insurers in conforming with the NAIC model on the Rules Governing…
Read MoreQ: What’s the Problem That We Are Trying to Solve?
Q: What’s the Problem That We Are Trying To Solve? *Robert E. Wilcox: What’s the real problem then, Shane? Shane Chalke: I’ll say before I answer that I don’t have a good answer. 1995 – SOA – Current Developments Surrounding Regulations and Standards of Life and Annuity Products, Society of Actuaries – 18p ⇒ *Robert…
Read MoreReinsurance
Reinsurance Assumption Reinsurance Captive Reinsurance Financial Reinsurance Reinsurance Collateral Reinsurance – Taxes 1988 – SOA – Reinsurance Tax Issues, Society of Actuaries – 10p Surplus Relief Reinsurance Skinner – GOV – Blunt Instrument NAIC – Special Purpose Reinsurance Vehicle Model Act – 789-1 – 34p Section 1. Purpose – This Act provides for the creation of Special…
Read MoreFay v. Aetna
Fay v Aetna 2003 – LC – Fay v. Aetna — [BonkNote] 2003 – LC – Fay v Aetna – William Hager – Excerpt – Deposition – Doc 65 – 2p <WishList – Complete Deposition> Donna Claire – Fay v Aetna – You said you understood it 1 Copies of the Affleck Report and Affleck…
Read More1981-4, NAIC Proceedings
1981-4 I am William C. Scheel, Associate Professor of Finance and insurance, University of Connecticut, Storrs, Connecticut. My remarks today are my own; they are uncompensated and may only coincidentally be views shared by anyone else. Introduction During my last encounter with this task force, I questioned whether the group was just playing another game…
Read MoreLife Cost Comparison Working Group – NAIC
Life Cost Comparison Working Group – NAIC Research Projects Research project 12: The Manipulation Issue, E J. Moorhead – <WishList> Life Insurance Cost Comparison (C3) Task Force The purpose of revising the preliminary draft is to produce a buyers guide which contains the same general concepts as those contained in the preliminary draft but in…
Read More1988-1. NAIC Proceedings
1988-1 Life Insurance Advertising Issues Subgroup 6. “Nonguaranteed Policy Element” shall mean any premium, cash value, death benefit, endowment value, dividend or other policy benefit or pricing element or portion thereof whose amount is not guaranteed by the terms of the contract. Any policy element that contractually follows a separate account result or a defined…
Read More1974-2, NAIC Proceedings
1974-2 As you know the Senate Subcommittee on Anti-trust and Monopoly, chaired by Senator Hart of Michigan, in cooperation with the NAIC Task Force on Life Insurance Cost Comparison, chaired by Stan DuRose, has assembled a rather extensive life insurance pricing study data bank. This data bank is comprised of the pricing study input file consisting of one reel of…
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