Archive for March 2023
David Swankin
David Swankin For if we have learned anything in the past that we should apply to the future, it is to deal with the message and not the messenger. — David Swankin, Partner with Swankin and Turner law firm 1980 – SOA – Effect of Governmental Actions and Consumerism on Product Design and Pricing of the…
Read More1979 0524 – GOV (Senate) – Cost Disclosure in Life Insurance – Howard Metzenbaum (D-OH)
1979 0524 – GOV (Senate) – Cost Disclosure in Life Insurance, Senator Metzenbaum (D-OH) 1979 0524 – GOV (Senate) – Cost Disclosure in Life Insurance, Howard Metzenbaum (D-OH) — [BonkNote] [PDF-279p-GooglePlay] Senate – Committee on the Judiciary – Subcommittee on Antitrust, Monopoly and Business Rights (p1) – Opening Statement of Senator Metzenbaum Today the Subcommittee…
Read MorePartial Endowment
Partial Endowment Deposit Term Model Regulation for Partial Endowment type (Deposit Term) – 1980-2, NAIC Proceeedings Ms. Edwards reported that the task force recommended the adoption by the (C3) Subcommittee of the Model Regulation for Partial Endowment type (Deposit Term) policies which was circulated in December, 1979, as an exposure draft. Following discussion and upon a…
Read MoreEvaluation Life Insurance Cost Disclosure Task Force – NAIC
Evaluation Life Insurance Cost Disclosure Task Force – NAIC Model Regulation for Partial Endowment type (Deposit Term) – 1980-2, NAIC Proceeedings Ms. Edwards reported that the task force recommended the adoption by the (C3) Subcommittee of the Model Regulation for Partial Endowment type (Deposit Term) policies which was circulated in December, 1979, as an…
Read MoreJon S. Hanson
Jon S. Hanson Task Force on Life Insurance Disclosure System – LIDS – NAIC 1963 – LR – Regulation of Speciality Policies in Life Insurance, by Spencer L. Kimball and Jon S. Hanson, 62 Michigan Law Review 167 – 93p 1965 – LR – Life Insurance Companies: Their Promotion and Regulation, by Jon S. Hanson – 156p…
Read MoreNALC – National Association of Life Companies
NALC – National Association of Life Companies merged with ACLI – 1990s-? S. Roy Woodall, Jr. National Association of Life Companies Newsletter Government Hearings NAIC 1981-1, NAIC Proceedings – Task Force on Life Insurance Disclosure System (LIDS) — [BonkNote] NALU Comments on Behalf of the National Association of Life Companies Presented by: S. Roy Woodall, Jr., Executive…
Read MoreTask Force on Life Insurance Disclosure System – LIDS – NAIC
Task Force on Life Insurance Disclosure System – LIDS – NAIC Task Force on Life Insurance Disclosure System – LIDS – NAIC — [BonkNote] 1981-1, NAIC Proceedings – Task Force on Life Insurance Disclosure System – LIDS – NAIC — [BonkNote] This section will describe the life insurance disclosure system (LIDS) which the task force…
Read MorePost-Sale Disclosure
Post-Sale Disclosure The life insurance disclosure movement has focused almost entirely on point-of-sale disclosure, to the virtual exclusion of post-sale disclosure. Life insurance companies are therefore under pressure to provide attractive point-of-sale information. Some of the methods used to achieve this objective adversely affect long-time policyholders. Emphasis should be placed on the need for post-sale…
Read MoreMDL-634 – LC – Academy Life Insurance Company Estate Conservation Plan Litigation
MDL-634 – IN RE: Academy Life Insurance Company Estate Conservation Plan Litigation Academy Life Insurance Company 1957 – ia803409.us.archive.org/25/items/sim_army-times_1957-10-19_18_11/sim_army-times_1957-10-19_18_11.pdf 1980s – MDL-634 – IN RE: Academy Life Insurance Company Estate Conservation Plan Litigation — [BonkNote] 1984 0505 – El Paso Times – Mattox: Insurance company must make refunds – newspapers.com/article/el-paso-times/136240027/ Jack Milton Amason, Agent. ECP-95 – Policy 1984…
Read MoreUniversal Life – States
Universal Life – States California Florida Kansas Texas California Universal Life: The policy can also be structured to operate like term insurance. California – Life Insurance Guide (Revised March 2018) – insurance.ca.gov/01-consumers/105-type/95-guides/07-life/life-ins-guide.cfm Florida Universal life insurance is a combination of a term life policy and the ability to accumulate cash value. – flsenate.gov/Session/Bill/2013/242/Analyses/2013s0242.pre.bi.PDF Kansas…
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