Archive for May 2023
Market Conduct – Documents
Market Conduct Regulation – Documents 2016 – NCOIL – Market Conduct Surveillance Model Law – 17p Adopted by the NCOIL Executive Committee on November 11, 2006. Readopted by the NCOIL Executive Committee on November 20, 2011 and November 20, 2016. Market Conduct Uniform Examination Outline cga.ct.gov/2004/rpt/2004-R-0172.htm 2004 0211 – OLR Market Research – Insurance Market…
Read MoreBest Practices
Best Practices 2004 – NAIC – Best Practices Organizations White Paper – 50p
Read More2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection – Sue W. Kelly (R-NY)
2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection, Sue W. Kelly (R-NY) 2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection, Sue W. Kelly (R-NY) — [BonkNote] [PDF-123p, VIDEO-?] – <mp3, mp4> – R Committee on Financial Services – Subcommittee on Oversight and Investigations CFA – J.…
Read MoreArkansas
Arkansas Mike Pickens ?-2003-? – Arkansas Insurance Commissioner 2003 – NAIC President 2003 – SOA – Current Events–Statutory, Society of Actuaries – 26p 2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection, Sue W. Kelly (R-NY) — [BonkNote] Charles D. “Boe” Adams Lifetime Security Life A.L. Williams Bill Clinton Robert T. Shaw Born -…
Read MoreProject – 2023 – MAPWG – Market Analysis Procedures (D) Working Group
Project – 2023 – Market Analysis Procedures (D) Working Group 4. Possible NAIC Recommendations for Amending the Uniform Securities Act a. At the present time, the NAIC, including the Securities and Insurance Regulation Task Force, is studying the many “new-life” insurance products that are being sold by approximately 30 insurance companies. Simultaneously, the NAIC is…
Read MoreMarket Analysis
Market Analysis NAIC – A Reinforced Commitment: Insurance Regulatory Modernization Action Plan 2006 (updated) – NAIC – A Reinforced Commitment: Insurance Regulatory Modernization Action Plan – 20p 2003 1105 – GOV (House) – Reforming Insurance Regulation: Making the Marketplace More Competitive for Consumers, Richard H. Baker (R-LA) [PDF-200p, VIDEO-?] NAIC – Mike Pickens (AL – Insurance…
Read MoreMAPWG – Market Analysis Procedures Working Group – (D) – NAIC
MAPWG – Market Analysis Procedures Working Group (D) – NAIC 2023 0717 – MAPWG – NAIC – Jo LeDuc (Chair-MO), Rebecca Rebholz (WI) Birny Birnbaum (CEJ) MCAS – Health Samantha Burns – Interested Party – complaints per thousand might be useful … Samantha Explanation Jo LeDuc – That makes no sense. Mary Kay Lunch and…
Read MoreACLI – TRG – Technical Resource Goup, Industry – Illustrations – NAIC
ACLI – TRG – Technical Resource Goup – NAIC George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations) Life Disclosure Working Group – (A) – NAIC I think you really have to make sure that people understand volatility, whether you solve for a policy blowing up or values being…
Read MoreComplex Products
Complex Products More complex products sold to individual consumers (e.g., universal life policies) tend to generate more market conduct problems than simple products (e.g., term life insurance). 2003 0701 – Report – For NCOIL – The Path to Reform – The Evolution of Market Conduct Surveillance Regulation, by PricewaterhouseCoopers and Georgia State University – 117p…
Read MoreOptions – Life Insurance Policy
Options – Life Insurance Policy Michael Lovendusky, ACLI …said the ACLI work group thinks that most confusion for consumers involves complex products like universal life, and not Simple products like term life. He said consumers are mostly confused about options, guarantees and riders. The ACLI work group was considering asking the life insurance and Annuities…
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