Chuck Grassley

  • Chuck Grassley (R-IA)
    • 1959–1975 - IA House Member
    • 1981-Current (as of 2023) - US Senator
  • (p4) - Statement of Hon. Charles E. Grassley, A U.S. Senator From The State of Iowa
    • I share Senator Metzenbaum's desire to ensure that insurance consumers have a thorough understanding of the obligations and performances that they can expect from a prospective life insurance policy, so that they can make fully informed purchase and investment decisions.

1993 0525 - GOV (Senate) - When Will Policyholders Be Given The Truth About Life Insurance?, Howard Metzenbaum (D-OH)  ---  [BonkNote]

  • (p187) - Senator Chuck GRASSLEY (R-IA) Generally speaking, what has been the experience in the State of Iowa with regard to the problems of consumer disclosure of life insurance?
  • David Lyons, NAIC / Iowa Insurance Commissioner.  If I can be generic, we have had two major problems.
    • The first is a very specific problem, and that is the changing in the interest rates.
    • We have seen a large upsweep in the number of complaints exactly on point to the testimony that we have heard here today relating to the change in dividends and interest structures.
    • So we have had a lot of work to do in the area of determining whether there were intentional misstatements.
      • In that case, there are civil and administrative actions taken by us and criminal prosecutions referred on.
      • If there is an unintentional, yet identifiable, misleading statement made to consumers, then there is administrative action taken to put the consumer into the position they should have been under the information that was disclosed to them. 

1993 0525 - GOV (Senate) - When Will Policyholders Be Given The Truth About Life Insurance?, Howard Metzenbaum (D-OH)  ---  [BonkNote]

"The first thing that would make me feel a little bit better toward them would be if they'd follow the Japanese model and come before the American people and take that deep bow and say I'm sorry, and then either do one of two things -- resign, or go commit suicide,'' said Sen. Charles Grassley, R-Iowa, on an Iowa radio station referring to AIG executives.

  • 2009 0317 - APNews -  Grassley: AIG Execs Should Commit Suicide - [VIDEO-YouTube]

  • 2009 0317 - ABC New - Where's the Rage? Recession Sparks Mild Protests: The economy fuels massive demonstrations everywhere but here., By ABC News - [link]