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 Benefits – Index 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. Product designs can be complex, with benefits contingent on a…
Read MoreBirny Birnbaum
Birny Birnbaum CEJ – Center for Economic Justice CEJ – Center for Economic Justice – Documents 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 g. Clarifying “Coverage Period Description” The Working Group…
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 Academic Advisory Council 2017 – DSA – Direct Selling Association – Academic of the Year – Brenda Cude, Professor and Undergraduate Coordinator at University of Georgia, College of…
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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