Anna Rappaport The Actuarial Foundation – Emeritus Trustees – 2023 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 Everybody has been talking a lot about a paper by James Anderson on…

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Informed Consumer   2016/4/3 – Life Insurance Illustrations Working Group Conference Call  – NAIC Proceedings ……consumers being better able to understand the product performance…… ……need to take a broader look at how all products are explained to consumers……..   2016 vs 1982   1982 Proc. II 359-360 – Universal Life Model Regulation – Citations The Universal…

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1982-2 Advisory Committee on Policy Lapsation LIFE INSURANCE COST DISCLOSURE·HISTORICAL BACKGROUND – Attachment 1 (p485-486) LIFE INSURANCE [SOLICITATION] DISCLOSURE MODEL REGULATION – Attachment Two  – The chairman then indicated that he had received a proposed revision of the NAIC life insurance solicitation model regulation submitted by the ACLI.(p487-499) (524-526) – STATEMENT ON BEHALF OF THE…

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New Jersey Tom Considine 2010-2012 – New Jersey Insurance Commissioner ? – Current (as of 2023) – CEO – NCOIL, National Council of Insurance Legislators Board – InsuranceFraud.org-BonkNote Paul DeAngelo James J. Florio – (D-NJ) 1975-1990 – US House 1987 0701 / 0729 and 1014 – GOV (House) – Developments In State Insurance Regulation, James…

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Advertisements of Life Insurance and Annuities Model Regulation (570) – NAIC In 1985 a committee looked at problems associated with sales of annuities coupled with life insurance. One suggestion was to prohibit the sale of combination products. Another suggestion was to review the advertising rules to clearly indicate the joint responsibility of insurers and agents…

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Term Life Insurance ART – Annual Renewable Term BTID – Buy Term and Invest the Difference Term-ites A.L. Williams Primerica Decreasing Term Deposit Term Life Insurance Group Term Indeterminate Premuim Yearly Renewable Term Level Premium Term Mortgage Insurance Participating Term Life Insurance Term Conversions 1975 – SOA – An Approach to Reserve for Term Insurance…

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New Money / Portfolio Money Investment Generation Method We continue to put out these apples vs. oranges illustrations. We’re misleading our policyholders. We are providing the ammunition to make replacements of inforce policies with new coverage that is not in the policyowner’s best interest. —  Walter Miller 1983 – SOA – Surplus Distribution and Allocation…

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A. L. Williams A.L. Williams – Index A.L. Williams – Media Primerica – A.L. Williams – Index Insurance Regulators – Associated with A.L. Williams / Primerica Texas 1979 to 1987 – Lyndon L. Olson Jr. 1994 0501 – NYT – Mischief Under the Travelers Umbrella, By Michael Quint – [link]  Georgia 1971-?-1985 – Johnnie Caldwell 1955-1970…

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Baldwin-United Baldwin-United Corporation, a large financial services conglomerate headquartered in Cincinnati, Ohio Baldwin-United – Legal Cases  MDL-581 – LC – Baldwin-United – [BonkNote] [Bonk: Contagion-?] In the meantime, a movement was afoot within the life insurance industry led by Metropolitan Life Insurance Company, as well as the securities brokerage industry, to put together an enhanced rehabilitation…

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