February 2023 – Page 4

Gambling Lawmakers first became concerned about the slippery slope between life insurance and gambling during the third quarter of the eighteenth century, when the industry still catered to a relatively small, mostly aristocratic market.2 Their concern grew out of a rash of cases in which people had taken out policies on the lives of perfect…

GAO – Government Accountability Office gao.gov GAO – Government Accountability Office – Documents GAO – Snippets 2005 – GAO – Financial Product Sales: Actions Needed to Better Protect Military Members –– [BonkNote] 2005 1117 – GOV (Senate) – A Review Of The GAO Report On The Sale Of Financial Products To Military Personnel — [BonkNote]…

LIIIWG – Life Insurance Illustrations Issues Working Group – NAIC – Index LIIIWG – Life Insurance Illustration Issues Working Group – NAIC LIIIWG – before start LIIIWG – Ad Hoc Group LIIIWG – extra liiiwg – Questions LIIIWG – References / Documents LIIIWG – Snippets LIIIWG – Snippets of NAIC Proceedings 508 – Timeline –…

Cato Institute 1992 – AP – Policyholder Runs, Life Insurance Company Failures, and Insurance Solvency Regulation, by Scott E. Harrington, 5 Cato Rev Bus & Govt 27, 27 – 11p 1992 – CATO – Insurance Price Controls, “Affordability,” and Taxation by Regulation, by Benjamin Zycher – 6p

Portfolio Insurance 1984 – SOA – Financial Futures and Options, Society of Actuaries – 28p – Book – A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History, Diana B. Henriques 1997 0929 – Pensions & Investments – Jacobs blames portfolio insurance, by Barry B. Burr, The International Newspaper of Money…

Trans World Assurance American Fidelity amfilife.com/faqs/ NEIBEL v. TRANS WORLD ASSURANCE COMPANY (1997) At the hearing in May, Trans World argued that its policy, called the Flexible Dollar Builder, was not subject to the military protection features in Georgia’s law. Its lawyers argued that the savings fund was part of the policy’s cash value, which…

USALearning.gov Permanent insurance — provides coverage designed to last for your entire life and can build cash value. There are several permanent life insurance options offered such as universal life, whole life, variable life, and even variable universal life insurance. These policies may have a surrender period and be subject to fees and penalties if…

First Command 2002 1127 – NYT – Some Military Fund Investors End Up Bearing Heavy ‘Load’, by Tom Lauricella – [link]

Pulitzer Prize 2005 – pulitzer.org/finalists/diana-b-henriques Finalist: Diana B. Henriques of The New York Times For her revelations that thousands of vulnerable American soldiers were exploited by some insurance companies, investment firms and lenders. 2011 – .pulitzer.org/finalists/david-evans Finalist: David Evans of Bloomberg News For his revelations of how life insurance companies retained death benefits owed to…

Oklahoma Parry Ballard ?-1913 – Former Insurance Commissioner In 2004, Insurance Commissioner Carroll Fisher resigned from office after being charged with embezzlement and perjury. He wasn’t the first Okie insurance commissioner to be removed from office. That honor goes to Parry Ballard, back in 1913. tahlequahdailypress.com/opinion/columns/column-epic-scandal-falls-in-line-with-other-oklahoma-scandals/// John Doak 2011-2019 – Former Insurance Commissioner Carroll Fisher…