Archive for May 2020
Policy Mechanics / Cash flow / Works
Policy Mechanics / Cash flow / Works 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 Buyers of life insurance are entitled to descriptions of their policies and how they work. But…
Read MoreLack of Discussion
Lack of Discussion He <Mr. Coleman – Technical Resource Group {Industry}> said he was very frustrated because there had never been a two-way discussion on the technical resource advisors’ proposal. `Few questions were asked of his group, he said, and there had been no opportunity to discuss the proposal. He asked the working group to…
Read MoreBenefits
Benefits The main concern was that an unsophisticated buyer purchased a policy and did not know what the coverages, benefits and limitations were. 1988 0603 – Universal & Other New Plans (A) Task Force – NAIC – Attachment Two 1988-2, NAIC Proc. Nonforfeiture Premium Benefit Pattern – Examples Benefits – ACLI Benefits – Actuarial Benefits…
Read MoreBirny Birnbaum
Birny Birnbaum Center of Economic Justice – cej-online.org/ NAIC Consumer Representative Former Insurance Commissioner – Texas Government Hearings FACI IAIS NAIC Consumer Representative Texas Insurance Commission- Former – Title-? The Geneva Association Mr. Birnbaum said the actuaries are limited in two important ways: 1) they are limited by Model #582 because it was designed 30…
Read MoreBrenda Cude
Brenda Cude Professor Emerita, Graduate Faculty, Financial Planning, Housing and Consumer Economics – fcs.uga.edu/people/bio/brenda-cude NAIC Consumer Representative DSA – Direct Selling Association DSEF – Direct Selling Education Foundation 1996-1 NAC Proceedings – 6. Discuss Amendments to Life Insurance Buyer’s Guide Mr. Dunlap said that a small group consisting of Tony Higgins [North Caroline – Senior Deputy…
Read MoreDaphne Bartlett
Daphne Bartlett Carroll R. Hutchinson: If you had the opportunity to make two changes in this regulation, other than to defer its enactment, what would those two changes be? Daphne BARTLETT: The change I would make would be to scrap it and start over. 1995 – SOA – Sales Illustrations, Society of Actuaries – 14p 1981 -…
Read MoreCrown Life v. Casteel – 98-0218
Crown Life v. Casteel – 98-0218 District Court 1991-1995 – Ferguson v. Crown Life and William Casteel Indemnity – Love and Bank D026 – (p25) – 91-11537 (Ferguson) – COURT’S CHARGE (AND JURY VERDICT) – FILED SEPTEMBER 8, 1995 TRIAL COURT INFORMATION Court Case: 91-11537 Court: 147th District Court County: Travis Court: Judge Honorable Joseph…
Read MoreMaloof v. John Hancock
Maloof v. John Hancock 2010 – LC – Maloof v John Hancock, Alabama Supreme Court — [BonkNote] 60 So. 3d 263 Alabama Supreme Court Opinion – 39p Google Scholar – [link] David Lange – Defense Expert Witness Harriet Maloof and John A. Maloof, Jr. – Policyowners Parker A. Glasgow – Agent, and also Policyowner (6-7p)…
Read MoreGuaranteed Premium and Benefits Patterns Summary – NAIC
Guaranteed Premium and Benefits Patterns Summary 7 results (0.32 seconds) 5/24/2020 – Google Search life insurance disclosure – NAIC Delivery of the Guaranteed Premium and Benefits Patterns Summary shall be consistent with the time for delivery of the Buyer’s Guide as specified in Paragraph … ACLI Comments 6/21/19 – NAIC Jun 21, 2019 – and Guaranteed Premium and Benefits…
Read MoreSolutions
Solutions Solutions – Index Problems Problems – Index Illustrations Annual Reports Ratebook Graphs If there is a better way, let it be sought and may it be found — and let it be to the credit of our industry that we are the ones to find it and to provide it for the consumer. — …
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