Policy
Policy Summary – Cover Page – 1 page
Policy Summary – Cover Page – 1 page Missouri – In re: General American Life Insurance Company Sales Practices Litigation. Appellate Case: 03-3517 Page: 1 Date Filed: 12/06/2004 Entry ID: 1841122 – 13p No. 03-3510 – Charles Kenneth Knouse No. 03-3516 – Patricia S. Palashoff One Pennsylvania trial court has stated that, at least in the…
Read MoreLife Insurance Policy Language Simplification Standards Task Force – NAIC
Life Insurance Policy Language Simplification Standards Task Force – NAIC Life and Health Insurance Policy Language Simplification Act (#575) 1978 Proc. II 298-302 (adopted)
Read MorePolicy Transfers
Policy Transfers “These policy transfers treat policyholders like commodities, trading them like baseball cards,” Mr. Metzenbaum said in a statement. The acquiring companies are often “in such poor financial shape that they couldn’t attract policyholders but had to buy them wholesale, without their consent.” [Senator Howard Metzenbaum (D-OH)] 1994 0328 – NYT – Transfers By…
Read MoreInformed Policymakers
Informed Policymakers We believe it is very important for the subcommittee, and other committees in Congress with jurisdiction over insurance, to have a sound understanding of how our industry operates… …, I would like to focus my remarks this morning on why the ACLI believes that the new Federal Insurance Office, FIO, is an extremely…
Read MoreIPAC – Insurance Policy Advisory Committee – Federal Reserve
IPAC – Insurance Policy Advisory Committee – FRB federalreserve.gov/aboutthefed/ipac.htm IPAC Collins Amendment Working Group
Read MoreDots – Policy Mechanics
Dots – Policy Mechanics (p171) – The fact that we charge people fees that we have disclosed and that fees reduce the value of your policy, and if your policy keeps reducing in value, it will lapse, is not a fraud. That’s common sense. That’s how life insurance works. 2014 0425 – DOC 813 – Trial…
Read MoreQ: Would AIG Policyholders Been Fully Protected?
Q: Would AIG Policyholders Been Fully Protected? 2009 0318 – American International Group’s Impact on the Global Economy: Before, During, and After Federal Intervention – (CSPAN) Federal Aid to AIG Insurance, CEO Testimony – 380p ⇒ Policyholder Protection (p24) – Paul Kanjorski (D-PA): And I know you are here for the National Insurance Commissioners, but could you…
Read MoreMonetary Policy
Monetary Policy 1968 0508/0509/0515/0516 – GOV (JEC) – Standards For Guiding Monetary Action. William Proxmire (D-WI) – [PDF-319p] Joint Economic Committee Statement of Orson H. Hart, Vice President and Director of Economic Research, New York Life Insurance Co. – (p171- (p172) – I will offer a few comments later on the relation of fiscal to…
Read MorePolicy Categories – Blurry
Policy Categories – Blurry ROLAND R. ROSE: Is your particular first-to-die product a universal life or a par whole life design? MICHAEL J. ROSCOE: Depending on who you talk to, it’s an interest-sensitive whole life or a fixed premium universal life, but it’s not a par whole life policy. 1991 – SOA – Product Update -…
Read MoreDots – Tools – Policy Summary / Coverage Period / Illustration
Dots – Policy Summary The computer-produced policy specifications page shows the face amount, gross premium, protection period, and premium paying period. — Alice M. Neenan 1978 – SOA – Adjustable Life Products, Moderator: Samuel H. Turner, Society of Actuaries- 20p STATEMENT ON BEHALF OF THE AMERICAN COUNCIL OF LIFE INSURANCE TO THE NAIC (A) COMMITTEE’S…
Read More