1987-1 Credibility of Illustrations (* By “non-guaranteed pricing elements,” we mean either the dividends in a traditional participating policy or any elements subject to change at company discretion – such as premiums, interest rates, and mortality charges—–in the so called non-traditional policies that have come to the fore recently.) To: NAIC Life Cost Disclosure Task…

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1986-2 1. Report of the Life and Health Actuarial (EX5) Task Force John Montgomery (Calif.) presented the report of the Life and Health Actuarial Task Force. The various new projects and their suggested priorities were summarized in the report. In response to the question of how so many projects could be added to the already…

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Policy Information – History Market Conduct Surveillance Task Force “RULES GOVERNING THE ADVERTISING OF LIFE INSURANCE”   1987/1988 –  ACLI STATEMENT ON BEHALF OF THE AMERICAN COUNCIL OF LIFE INSURANCE TO THE NAIC (A) COMMITTEE’S TASK FORCE ON LIFE INSURANCE COST DISCLOSURE, December 15, 1981 Since universal life insurance was then being marketed only on a…

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Universal Life – Evolution 1980-1984 New York reports that they have determined that Section 216 and 208, (a) and (b), and perhaps other sections of their law, prohibit the issuance of universal life type products. Their law is currently being amended to permit such policies. 1982-2, NAIC Proceedings Chalke and Davlin point out that a policy…

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4 – NAIFA / NALU 2015 2015-2 3. Discussed Senior Investment Protection Gary Sanders and Steve Kline (National Association of Insurance and Financial Advisors—NAIFA) provided a presentation on senior investor protection. Mr. Sanders explained that NAIFA is working on an educational program to help its members “navigate the waters” of retirement investment in order to…

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Informed Consumer (p33) – Informed consumers are the cornerstone of effective consumer protection. This is particularly true in relation to life insurance with its proliferation of complex products over the past decade. —  NAIC – Statement of David Lyons, Iowa Insurance Commissioner (IA), On Behalf of the National Association of Insurance Commissioners  1993 0525 -…

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Futurism 1977 – SOA – Futurism, Society of Actuaries – 18p 1983 – SOA – Futurism – An Art and a Science, Society of Actuaries – 22p soa.org/globalassets/assets/library/newsletters/the-actuary/1987/november/act-1987-vol21-iss09-corbett.pdf

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Donna Claire Year-? – Chair, Life Financial Soundness/Risk, Management Committee … SVL2/PBA 1988 – SOA – Junk Assets, by Donna Claire, The Actuary – Society of Actuaries – 3p Donna R. Claire is an Actuary at the Equitable life Assurance Society. She is the Secretary of the Individual life Insurance and Annuity Product Development Section, the…

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Risks Risk – Index Systemic Risk – Index … referred to the Report of the Committee on Valuation and Related Problems. In that report, the Trowbridge Committee identified three categories of hazards which may impair the financial health of the insurance enterprise. [C1, C2, C3] The report of the committee can be read by the…

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