Disclosure
Disclosure – Index
Disclosure – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# B Bait and Switch Back to top C COI – Cost of Insurance Consumer Disclosure Issues Working Group – (A) – NAIC Cost Disclosure Back to top D Disclosure Disclosure of Assets Disclosure – Index Duty to Disclose – Walker v LSW Back to top E Evaluation Life Insurance Cost Disclosure…
Read More2004 1116 – GOV (Senate) – Oversight Hearing on Insurance Brokerage Practices, including Potential Conflicts of Interest and the Adequacy of the Current Regulatory Framework – Peter Fitzgerald (R-IL)
2004 1116 – GOV (Senate) – Oversight Hearing on Insurance Brokerage Practices, including Potential Conflicts of Interest and the Adequacy of the Current Regulatory Framework 2004 1116 – GOV (Senate) – Oversight Hearing on Insurance Brokerage Practices, including Potential Conflicts of Interest and the Adequacy of the Current Regulatory Framework, CSPAN (Insurance Brokerage and Regulation…
Read MorePremium – Regulator – Universal Life
Premium – Regulator – Universal Life Commissioner Hager of the Universal & Other Plans (A) Task Force stated that there appeared to be disclosure problems with universal life plans and that the identification of these items should be placed on the Actuarial Task Force agenda. Some of the items identified which should be disclosed: (2)…
Read MoreBait and Switch
Bait and Switch Policies that credit higher interest rates in early years and lower rates in later years came in for criticism. Some characterized such policies as “bait and switch” and thought they should be restricted by regulation or by actuarial standards of practice. (p4) 1993 07 – SOA – ASB Mulls New Standards, The Actuarial Update, Gary…
Read MoreULMR – Universal Life Insurance Model Regulation – MDL-585 – NAIC – Snippets
ULMR – Universal Life Model Regulation – MDL-585 – NAIC – Snippets PAGE 1 Drafting Note: It is the position of the drafters of this regulation that universal life insurance is simply another competing type of life insurance which should be treated, to the extent possible, in the same regulatory manner as other life insurance…
Read More1992 0623 – GOV (Senate) – Consumer Disclosure of Insurance – Howard Metzenbaum (D-OH)
1992 0623 – GOV (Senate) – Consumer Disclosure of Insurance 1992 0623 – GOV (Senate) – Consumer Disclosure of Insurance, Howard Metzenbaum (D-OH) — [BonkNote] [PDF-323p-GooglePlay, VIDEO-?]->Not on govinfo.gov – R ….on concerns relating to the adequacy of financial disclosures made in connection with the purchase of whole life insurance policies. Judy Faucett 1991-1992 – SOA…
Read MoreMeaningful Disclosure
Meaningful Disclosure Teresa Winer (GA) said that disclosure is helpful, but only if it is meaningful. 2019 0917 – NAIC Proceedings (Fall, 6-77) – LIIIWG – Life Insurance Illustrations Working Group …. would they know what that really means in terms of the risk to them and how it would interact with…… — Brian Brosnahan,…
Read MoreStart – Timing of Disclosure
Starters – Timing of Disclosure It had been the desire of the working group to require delivery at the time of application, but small insurance companies would have a great deal of trouble complying with that requirement due to lack of computer resources, so the extra period is allowed by way of compromise. 1989-2, NAIC…
Read MoreCOI – Cost of Insurance
COI – Cost of Insurance 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 Maybe we can jiggle a bit with our cost of insurance rates. — MichaeI R. Tuohy, [Bonk: Tillinghast] 1985 -…
Read More1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p
1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary — [BonkNote] — 10p 1993 – NAIC – Policy Information for Applicant – Universal Life Policy – 3p Life Insurance Disclosure Model Regulation…
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