Illustrations
Batch Illustrations – Walker v LSW
Batch Illustrations – Walker v LSW (p17) Q Okay. And at your deposition in this case, did you know that batch illustrations show the maximum amount of funding allowed? A No, I did not. Q Did you also learn that after your deposition? A Correct. Q And at your deposition in this case, did you…
Read MoreInsurance Code – Section 10509 – Insurance Costs / Illustrations – Walker v LSW
Insurance Code – Section 10509 – Insurance Costs / Illustrations – Walker v LSW There is no suggestion that Section 10509 says that you affirmatively do not have to break out the fees. We have alleged that failing to break out the fees is deceptive because they are material, and in addition, the partial representation…
Read MoreDeceptive Illustrations – Walker v LSW
Deceptive Illustrations – Walker v LSW Deceptive (p4) – BROSNAHAN: What I would like to do process wise go through each of the four principal ways in which we allege that the illustrations are deceptive and in doing so address both the common-law fraud concealment claims and the fraudulent prong of the UCL, then move…
Read MoreCosts and Illustrations – Walker v LSW
Costs and Illustrations – Walker v LSW (p78-79) – Matthew DeSantos – LSW’s Senior Vice-President of Distribution and Business Development (himself a former insurance agent) – DOC 792 – p27 Q Do the illustrations even without optional page that itemizes the expenses, does the standard illustration reflect in some way the costs of a policy?…
Read MoreIllustration Uses – Walker v LSW
Illustration Uses – Walker v LSW (p89-90) – Matthew DeSantos – LSW’s Senior Vice-President of Distribution and Business Development (himself a former insurance agent) – DOC 792 p27> Q Just briefly what is an illustration? A An illustration is something that’s used — it’s a tool. I call it a tool to use with both…
Read MoreIllustrations – Index
Illustrations – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A ACLI – TRG – Technical Resource Goup, Industry – Illustrations – NAIC Back to top B Batch Illustrations – Walker v LSW Bonk – Illustrations Back to top C Costs and Illustrations – Walker v LSW Back to top D Deceptive Illustrations – Walker v LSW Dots – Illustrations Dots…
Read MoreNAIC – Illustration Model Regulation – Comments
NAIC – Illustration Model Regulation – Comments Walker v LSW – Judge – Video NAIC Proc – 1990s – end of Working Group – Good Job One of the first things that a serious reader of the NAIC Life Insurance Illustrations Model Regulation will realize is that it is not a tightly written document. — …
Read MoreBonk – Illustrations
Bonk – Illustrations Blumenthal – Look Blumenthal – Defendant Expert Report Performance Results Outcomes Coverage Period Duration Assumptions Non-Guaranteed Elements Policy Mechanics / Cash Flow / Work / It is probably true that most of the information needed is already in illustrations but doesn’t get to the consumer because of their limited attention span or…
Read MoreIllustration Actuary
Illustration Actuary soa.org/sections/small-insurance/illustration-actuary-corner/ Back in Chicago on February 13, 1996, there was an ACLI meeting where Bob Wilcox, who is the Commissioner of Insurance in Utah, said that there were four guiding principles to the entire illustration actuary movement. He said the process has been going on for several years at the NAIC level to,…
Read MoreQ: How Do Agents Use Life Insurance Illustrations?
Q: How Do Agents Use Life Insurance Illustrations? How do Agents use these? It would be good to hear from agents. — Richard Wicka, WI-Chair) 2018 12 – NAIC – Life Insurance Illustrations Issues Working Group 2017 – State Farm Agent Training / Van Mueller Approximately 2:11 – “I don’t ever use an illustration.” See…
Read More