Archive for April 2023
Project – NAIC – Snippets – 2023
Project – NAIC – Snippets – 2023 2023 – LIAC – NAIC – my question Regulator Responses / Pic From NAIC Snippets 2014-2020 History NAIC, Legal Cases, SOA, Media 2023 0815 – LIAC – NAIC – 11p Birnbaum reiterated his longstanding concerns regarding illustrations. He said the Life Actuarial (A) Task Force proposed and the Life…
Read MoreProject – NAIC – Snippets – 2020
Project – NAIC – Snippets – 2020 2020 2020 01-? – NAIC – Retirement Security, Conference Call – Brenda Cude / Karroll Kitt – Presentation We want you to know that Financial Education is important, but that many other groups are better situated to design deliver and evaluate education than NAIC is. We think NAIC’s…
Read MoreProject – NAIC – Snippets – 2019
Project – NAIC – Snippets – 2019 2019 0310 – Letter – AXA Equitable, Brian R. Lessing, to NAIC (IULISG) – Indexed Universal Life Illustrations Subgroup – 2019-3, NAIC Proceedings – (p6-844) In considering the specific questions posed by the Subgroup, we found it helpful to take a step back, and to first consider two…
Read MoreProject – NAIC – Snippets – 2018
Project – NAIC – Snippets – 2018 2018 0103 – NAIC – LIBGWG, Life Insurance Buyer’s Guide Working Group – Letter – AAA / Academy of Actuaries – NGEWG Re: Comments on for the “CEJ Expanded Outline” Exposure Draft – Ian Trepanier, the Academy’s life policy analyst Gabe Schiminovich … we would encourage you to…
Read MoreProject – NAIC – Snippets – 2017
Project – NAIC – Snippets – 2017 2017-1, NAIC Proceedings – 2017 0207 – LIBGWG, Life Insurance Buyer’s Guide Conference Call Ms. Neil expressed concern about some of the terminology in the ACLI guide, in particular the use of “cash value” to describe “permanent insurance,” but agreed there is likely some information that could inform…
Read MoreProject – NAIC – Snippets – 2016
Project – NAIC – Snippets – 2016 2016 0403, NAIC Proceedings (6-8), LIIIWG, Life Insurance Illustrations Working Group, Conference Call Mr. Schwartzer reminded the Working Group that the Life Insurance Illustration Issues (A) Working Group came out of concerns raised when the Indexed Universal Life (IUL) Illustrations (A) Subgroup under the Life Actuarial (A) Task Force was…
Read MoreProject – NAIC – Snippets – 2015
Project – NAIC – Snippets – 2015 2015 0329 – NAIC Proceedings – LIAC, Life Insurance and Annuities (A) Committee Appointed a New Working Group to Revise the Life Insurance Buyer’s Guide. Ms. Matthews said the Committee has a 2015 charge to review and consider revisions to the Life Insurance Buyer’s Guide (Buyer’s Guide) in…
Read MoreProject – NAIC – Snippets – 2014
Project – NAIC – Snippets – 2014 2014 2014 0114 – NAIC Proceedings LATF CC – RE: IULISG – Indexed Universal Life Illustrations Subgroup John Bruins (American Council of Life Insurers – ACLI) said there are a wide range of practices in the area of policy illustrations, particularly for indexed universal life (UL) policies. 2014…
Read MoreProject – Complaints
Project – Complaints Complaints Teresa Winer (GA) asked if it would be useful to ask states whether they have received consumer complaints about the summaries. Richard Wicka (Chair – WI) said that it would be helpful to have that kind of information but that he is not sure it would be possible to track down…
Read MoreAgent Statements – Walker vs. LSW
Agent Statements – Walker v LSW I tell clients that the cash value is guaranteed not to go down when the market goes down because the cash value has a 0% annual floor. — Declaration of Sean L. Covi, Agent – Doc 258 – 2010 0710 – 11p 2000s – LC – Walker v LSW (Life…
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