Unfair Claims Settlement Act – NAIC UNFAIR CLAIMS SETTLEMENT PRACTICES ACT Table of Contents Section 1. Declaration of Purpose Section 2. Definitions Section 3. Improper Claims Practices Section 4. Acts Constituting Improper Claims Practices Section 5. Statement of Charges Section 6. Cease and Desist Order – Judicial Review Section 7. Regulations Section 8. Severability Section…

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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…

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Advertisements of Life Insurance and Annuities Model Regulation (570) – NAIC In 1985 a committee looked at problems associated with sales of annuities coupled with life insurance. One suggestion was to prohibit the sale of combination products. Another suggestion was to review the advertising rules to clearly indicate the joint responsibility of insurers and agents…

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Unfair Trade Practices Michael Lovendusky (American Council of Life Insurers — ACLI) …. said the Unfair Trade Practices Act is the bedrock of market practices. 2001-1, NAIC Proceedings, Suitability Working Group  The NAIC’s Model Unfair Trade Practices Act is designed to prevent deceptive and/or misleading practices during the sale of insurance. The Model Act also…

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Life Insurance Disclosure Model Regulation – 580 – NAIC 1980-2, NAIC Proceedings (p683) – Re: Report on Evaluation of NAIC Model Life Insurance Solicitation Regulation To:  Jon S. Hanson, From:  Carolyn Cobb, Date:  November14, 1979 You requested that I prepare a report which would assist the Task Force in evaluating the NAIC model cost disclosure…

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SNFL – Standard Nonforfeiture Law content.naic.org/sites/default/files/inline-files/MDL-808.pdf 1942-Supplement, NAIC Proceedings – Reports and Statements on Non-Forfeiture Benefits and Related Matters  —  [BonkNote] 1980 – SOA – Nonforfeiture and Valuation Concerns in the 1980’s, Society of Actuaries – 16p 1983 – SOA – Universal Life Valuation and NonForfeiture: A Generalized Model, by Shane A. Chalke and Michael Davlin, Society of…

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Life Insurance Illustrations Model Regulation – 582 – Snippets – (LIIIMR) NAIC Model Laws, Regulations, Guidelines and Other Resources—January 2011 LIFE INSURANCE ILLUSTRATIONS MODEL REGULATION – PC-582-1 Proceeding Citations – All references are to the Proceedings of the NAIC – Snippets – [BonkNote] 1993 Proc. IB 794 In November 1992 a working group [Life Disclosure Working…

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Second Standard Nonforfeiture Law – NAIC The working group is currently studying three different concepts regarding how the proposed “Second Standard Nonforfeiture Law for Life Insurance should operate: 1992 – SOA – Valuation Actuary Symposium Proceedings – Session 1 – The Valuation Actuary – 1992 Developments – 34p 1993-2,  NAIC Proceedings – ATTACHMENT ONE-E  -…

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Life Insurance Disclosure / Solicitation Model Regulation 1970’s Life Insurance (C3) Subcommittee, 1975-2 NAIC Proc. Life Insurance (C3) Subcommittee, 1976-2 NAIC Proc.  EXECUTIVE COMMITTEE RESUMED; Statement of the National Association of Insurance Commissioners, Submitted to the Senate Veterans Affairs Subcommittee on Housing and Insurance By Herbert W. Anderson,Insurance, 1978-4 NAIC Proc.  EXECUTIVE COMMITTEE RESUMED; NAIC…

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