Surrender Charge Because of the multitude of problems in any application of a prospective method, a retrospective requirement was adopted. It was felt that the most important relationship to the policyholder would be that between the account value and the cash value. This amount, the surrender charge, is the quantity regulated by the Model [Bonk:…

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States and Territories States – Index CSG – Council of State Governments NCOIL – National Conference of Insurance Legislators NCSL – National Conference of State Legislatures REGULATION FROM A LEGISLATOR’S PERSPECTIVE I hope to give you some insight into state government regulation and the way we feel about the life insurance industry. As a state…

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Actuarial Tables Commutation CSO CET Mortality Actuarial Tables: Commissioners 1941 Standard Ordinary Mortality Table (1941 CSO) V. 1-, Volume 3 Actuarial Society of America Society and the Institute, 1945 Commutation Columns and Valuation Factors Based on 1980 CSO Mortality Table: Age last birthday – Actuarial Publishing House, 1981 TERM AND WHOLE- LIFE INSURANCE COST AS DEVELOPED…

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1871-1, NAIC Proceedings 1871-1, NAIC Proceedings, (fka National Insurance Convention)  —  [BonkNote]  —  233p (p49) – Solvency, Lapse-supported (p50-51) – Life Insurance Chart The experience of most companies shows that about  one half of the policies lapse within ten years from the date of their issue; and probably not more than one-quarter of the policies issued in…

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