Archive for June 2020
Off Track
Off-Track / On-Track In essence, the model regulation <Universal Life Model Regulation> assumes that at issue, all universal life policies are permanent plans. The r-ratio is meant to measure the extent to which the policy is “on track” as a permanent plan. Statutory Valuation of Individual Life and Annuity Contracts | 5th Edition Claire, Lombardi…
Read More1975 – GOV (Senate) – Veterans Insurance Information Disclosure – Richard Stone (D-FL)
1975 1203 /1204 – GOV (Senate) – Veterans Insurance Information Disclosure 1975 1203 and 1204 – GOV (Senate) – Veterans Insurance Information Disclosure, Richard Stone (D-FL) — [BonkNote] [PDF-989p/1065p-GooglePlay] Senate – Committee on Veterans’ Affairs – Subcommittee on Housing and Insurance (p36) – William H. Huff III (Iowa) – President of NAIC, Statement (p44) – NAIC…
Read MorePolicy Maturity
Policy Maturity Isn’t it more realistic to assume a customer wants to know what the cost will be if he carries that policy out to maturity? (p13) — Senator Howard W. Cannon (D-NV), Chairman of the Committee 1979 0710 and 1017 – GOV (Senate) – FTC Study of Life Insurance Cost Disclosure, Howard Cannon (D-NV) …
Read More4 – Snippets – Short List
4 – Snippets – Short List 8/17/2016 LIIIWG CC Richard Wicka, Chair She (Stegall) said the ad hoc group also discussed tasks to help it achieve its goal, including: 1) gathering background on how the summaries are used and by whom; and 2) reviewing narrative and policy summary examples for key factors highlighted in…
Read MoreActuarial Guidelines
AGs – Actuarial Guidelines 1. Report of American Academy of Actuaries Liaison Committee Gary D. Simms, general counsel of the American Academy of Actuaries, summarized the report of the Liaison Committee (Attachment One). He indicated the purpose of the committee was to interact with the NAIC on a policy level as well as to provide…
Read MoreGMF – Guaranteed Maturity Fund
GMF – Guaranteed Maturity Fund The guaranteed maturity fund at any duration is that amount which, together with future guaranteed maturity premiums, will mature the policy based on all policy guarantees at issue. NAIC – Universal Life Insurance Model Regulation (#585): – 22p Shane Chalke ULMR – Universal Life Insurance Model Regulation – MDL-585 –…
Read MoreUnderwriting
Underwriting 1952 – The Professional Concept of Life Underwriting, By Solomon S. Huebner – <WishList> -ia800205.us.archive.org/17/items/copyrightrenewals1923-1964/1980.txt 21May52, The American College 1959 – SOA – Discussion of Subjects of Special Interest: Underwriting, Society of Actuaries – 8p 2020 – SOA – Validating Algorithmic Underwriting Models – Expert Panel Report, Society of Actuaries – 13p 2021 – SOA -…
Read MoreSolomon S. Huebner
Solomon S. Huebner S. S. Huebner 1905 – Federal Supervision and Regulation of Insurance, Huebner – [link-jstor-28p] 1906 – – The Study of Insurance in American Universities, Huebner – [link-jstor-20p] 1917 0510 – Nature – Economics of Life Insurance – Volume 99, pages 215–216 – [link] Abstract SIX papers relating to problems of life insurance, read…
Read More1991-1A, NAIC Proceedings
1991-1A 5. Adopt November 21 and December 1 Minutes to Life Marketing Practices to Senior Citizens – Working Group and Amendments to Life Insurance Disclosure Model Regulation and Disclosure Form Commissioner David Lyons (Iowa) commended David Rodgers (Wash.), Jim Swenson (Ore.), Dean Gallagher (Okla.), Bob Wright (Va.), Roger Strauss (Iowa) and NAIC staff for their…
Read MoreLIIIWG – Life Insurance Illustrations Issues Working Group – NAIC – Ad Hoc Group
LIIIWG – Ad Hoc Group Questions / Observations / Stuff – Who were the members of the Ad Hoc Group? Specific names – What Information was gathered? How was the Information gathered? 5/17/2016 LIII WG 2016-2 If the summaries are able to be shared, Mr. Wicka suggested, and the Working Group agreed,…
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