Archive for April 2023
New York – Regulations
New York – Regulations 210 213 1972 02 – SOA – Section 213, by Daniel J. Lyons – The Actuary, Society of Actuaries – 3p Agents have complained that old policyholders have not been getting adequate service, that their renewal commissions do not take into account the inflation that has occurred since the business was…
Read MorePrincipal – Agent
Principal – Agent Crown Life v Casteel 2023 – FSRA – Consultation www2.imms.com/members/3rdparty/AmerCol/legalbook/chap16c.htm [Principal-Agent] The rule in this Commonwealth has long been that “where limitations on the soliciting agent’s authority are contained in the application, the insured is bound to take notice thereof and he cannot hold the company bound for acts of the agent…
Read MoreDeceptive Trade Practices
Deceptive Trade Practices Deceptive DTPA – Deceptive Trade Practices Act Crown v Casteel 2000 – LR – Deceptive Trade Practices – Consumer Protection Act, by A. Michael Ferrill and Leslie Sara Hyman – 35p In Metropolitan Life Insurance Co. v. Haney,8 a life insurance agent brought DTPA claims against MetLife complaining of inaccurate policy illustrations generated…
Read MoreContract
Contract 1979 Fall – AP – Explanation of the Aleatory Aspect of the Insurance Contract with Reference to Risk Theory, by Salama A. Salama, The Journal of Insurance Issues and Practices, Vol. 3, No. 1 (FALL 1979), pp. 61-76 (16 pages), Published By: Western Risk and Insurance Association The problem Almost all insurance textbooks and other…
Read MoreRestructuring Mechanisms Working Group – NAIC
Restructuring Mechanisms Working Group – NAIC content.naic.org/cmte_e_res_mech_wg.htm 2023 0404 – NAIC – RESTRUCTURING MECHANISMS (E) WORKING GROUP – 124p O’Sullivan said that on the life side, the inquiry can be relatively narrow and that likely a due diligence, factual inquiry rather than a traditional legal opinion may not be needed. Superintendent Dwyer suggested that while it…
Read MoreAGLIC – American General Life Insurance Company
AGLIC – American General Life Insurance Company 2008 12 – Tennesee Insurance Commissioners – American General Examination – 23p AGC Life insurance Company 2009 1231 – Examination Report of AGC Life Insurance Company – Missouri 2008 1006 – House – Elijah Cummings (D-NY) – AIG spent $500K in resort – [VIDEO-YouTube] 2001 0828 – Texas…
Read More1989 0501 – National Press Club – Where Was the Press During the S&L Crisis? – CSPAN
1989 0501 – National Press Club – Where Was the Press During the S&L Crisis? 1989 0501 – National Press Club – Where Was the Press During the S&L Crisis? — [BonkNote] — [VIDEO-CSPAN] x- 00:24:00+ (00:18) – Carl P. Leubsdorf – Leubsdorf – x – 00:31:06.734-00:34:46.388 () – Paulette Thomas, Wall Street Journal Sprawling…
Read MoreCan’t Say – Examples
Can’t Say – Examples A major problem that must be overcome with such monitoring systems is that of avoiding the self-fulfilling prophecy. A monitoring system that identifies high-risk behavior can actually trigger the bad luck required to actually send a company under. For instance, a system that identifies a life insurer as having high potential…
Read MoreSierra Life Insurance Company
Sierra Life Insurance Company 1976 0822 – Times-New (Twin Falls, Idaho) – Sierra Head Involved in Jewel Deal, by Bill Lazarus – archive.org/details/The_Times_News_Idaho_Newspaper_1976_08_22 1978 0122 – Time-News (Twin Falls, Idaho) – Actuary Challenges Growth Claim, by Bonnie Baird Jones – p1 – 70p 1978 0406 – NYT – $1.9 Million Payment Ordered in Libel Case -…
Read MoreLibel
Libel 1978 0406 – NYT – $1.9 Million Payment Ordered in Libel Case, Sierra Life Insurance Co. – [link] A judge has ordered The Twin Falls Times News to pay $1.9 million in libel damages after it refused to disclose its sources for articles that an insurance company said ruined its business.
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