April 2023 – Page 2

Project – Complaints Complaints Teresa Winer (GA) asked if it would be useful to ask states whether they have received consumer complaints about the summaries. Richard Wicka (Chair – WI) said that it would be helpful to have that kind of information but that he is not sure it would be possible to track down…

Project – Performance 2016 0403, NAIC Proceedings (6-8), LIIIWG, Life Insurance Illustrations Working Group, Conference Call Mr. Schwartzer reminded the Working Group that the Life Insurance Illustration Issues (A) Working Group came out of concerns raised when the Indexed Universal Life (IUL) Illustrations (A) Subgroup under the Life Actuarial (A) Task Force was working on guidance for…

Project – How the Policy Works / Policy Mechanics Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer, by Anna Rappaport, Society of Actuaries – 2p-Article (p170) Mr. Brosnahan said: Well, the fees can cause policies to lapse. Is that a secret? I…

Project – NAIC – Snippets Project – NAIC – Snippets – 2014 Project – NAIC – Snippets – 2015 Project – NAIC – Snippets – 2016 Project – NAIC – Snippets – 2017 Project – NAIC – Snippets – 2018 Project – NAIC – Snippets – 2019 Project – NAIC – Snippets – 2020 Project…

Agent Statements – Walker v LSW I tell clients that the cash value is guaranteed not to go down when the market goes down because the cash value has a 0% annual floor. — Declaration of Sean L. Covi, Agent – Doc 258 – 2010 0710 – 11p 2000s – LC – Walker v LSW (Life…

APNews 2018 1004 – APNews – Aegon: Transamerica Settles Universal Life Litigation – [link]

Eric Dinallo – Snippets 2008 0924 – propertycasualty360.com – NAIC Members: AIG Mess Is Not Our Fault, By James Connolly – [link] The nation’s insurance commissioners meeting here asserted that state regulation has ensured the solvency of carriers including insurance subsidiaries of financially challenged American International AIG has raised the concerns of many insurance consumers. Mr.…

AIG – Stable Value Funds 2009 1117 – SIGTARP – Factors Affecting Efforts To Limit Payments To AIG Counterparties – 47p p10 2014 1002 – Starr International Company, Inc. v. The United States – Case 1:11-cv-00779-TCW – Trial Volume 4 – Baxter – 249p (p153-154) Q. And you’ve mentioned that there was a discussion about some of the systemic issues concerning…

Joe Biden 1973-2009 – US Senator (D-DE) 1987 to 1995 – Chaired the Senate Judiciary Committee 2009-2017 – US Vice President 2020-Current (as of 2024) – US President DOL Fiduciary Rule 1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance?, Howard Metzenbaum (D-OH) — [BonkNote] Senate – Committee on The Judiciary – Subcommittee…

Deceptive Sales Practices Deceptive 1973 / 1974 – GOV (Senate) – The Life Insurance Industry, Senator Hart (D-MI) – 4 Parts — [BonkNote] 1973 0223 – Part 3 of 4 – [PDF- 641p-GooglePlay] (p2074) – “Deceptive Sales Practices in the Life Insurance Business,” by Joseph Belth (draft) 1974 – AP – Deceptive Sales Practices in…