Duty Duty to Disclose Duty to Read Duty to Speak Fiduciary Duty Memorandum of Law in Support of American General Life Insurance Company’s Motion for Summary Judgement See Watkins v. HRRW, LLC, 2006 WL 3327659, at *8 (“Tennessee courts, however, have rejected breach of fiduciary duty claims against insurance agents in various factual circumstances.”); see…

Read More

P1P2 – Government 1988 0325 – GOV (Senate) – Tax Treatment of Single-Premium Life Insurance, (CSPAN) Single Premium Life Insurance, Max Baucus (D-MT)  —  [BonkNote] — p122

Read More

Stock Company Information Group 1983 0510, 0511 and 0728 – GOV (House) – Tax Treatment of Life Insurance, Pete Stark (D-CA)  —  [BonkNote] 1988 0325 – GOV (Senate) – Tax Treatment of Single-Premium Life Insurance, aka Single Premium Life Insurance – [PDF-199p, The Stock Company proposal also would make permanent the provisions of TEFRA relating to:…

Read More

Robert Nelson 1990s – Chairperson of the National Association of Life Underwriters (NALU) Task Force on Illustrations – (Currently NAIFA) I sincerely believe we have a flawed instrument in today’s sales illustrations. …we did not communicate the impact of change as well as …we should have. Our biggest mistake would be to delay. ⇒  I…

Read More

NAIC – Life Insurance Information – BonkNote (p14) – Terri Vaughan – (NAIC, CEO / IA): So what we try to do is educate consumers about the critical importance of this issue. We spend a lot of money on consumer education. We created a Web site, Insure U Web site, for consumers to go to…

Read More

SEC – Securities and Exchange Commission – Documents 1970s 1973 – SEC – Variable Life Insurance and the Petition for the Issuance and Amendment of Exemptive Rules, Securities and Exchange Commission  —  [BonkNote] 1973 0213 – SEC Docket – Volume 1, Number 1 – [PDF-633p-GooglePlay] 1973 – GOV – Securities Exchange Act Amendments of 1973…

Read More

Financial Services and Insurance Regulation Task Force – EX – NAIC 1988-1993 William D. Hager, Co-Chair, Iowa Insurance Commissioner  1988-2, NAIC Proceedings – (p72) – Integrated Financial Services (EX) Task Force and the Securities and Insurance Regulation (EX) Task Force were consolidated. The new task force will be entitled the Financial Services and Insurance Regulation (EX)…

Read More

Government Hearings – 1910s 1913 0909 – GOV (House) – Changes in the Banking and Currency System of the United States – [PDF-177p-GooglePlay] Mr. Glass, from the Committee on Banking and Currency, submitted the following Report. Together With Views of the Minority and Minority Views. (p159) – Charles August Lindbergh – (R-MN) – The procedure…

Read More

CEJ – Center for Economic Justice – Documents http://www.cej-online.org/mdocs-posts/cej-letter-to-naic-on-proposed-changes-to-life-insurance-and-annuities-replacement-model-060221/ http://www.cej-online.org/mdocs-posts/cej-comments-on-model-regulation-of-the-sale-of-life-insurance-and-annuities-to-senior-080528/ 1999 – Report – CEJ – A consumer advocate’s guide to getting, understanding, and using insurance data, by Birny Birnbaum – 40p Birnbaum, B., 2005. “Producer Compensation Disclosure,” Comments of the Center for Economic Justice to the National Association of Insurance Commissioners, March 22, Austin,…

Read More

CEJ – Center for Economic Justice cej-online.org/ Birny Birnbaum Birny Birnbaum (Center for Economic Justice—CEJ) said… the current structure of the illustration presents the IUL policy as an investment. 6-836 2019-1, NAIC Proceedings 2019 – NAIC (LATF) – Conference Call Birny Birnbaum (Center for Economic Justice—CEJ) said AG 49 was developed to address the issue…

Read More