Archive for September 2023
Canada – Lawsuits
Canada – Legal Cases – NHL hockey star sues broker, insurer – [link] 2014 0922 – Insurance-Portal.com – House purchased using universal life at risk of lapsing: buyer must reimburse the seller, By Alain Thériault – [link] Canada v National Life Assurance Company of Canada, [320] This conclusion is…
Read More1996 – Report of The Multi-state Life Insurance Task Force and Multi-State Market Conduct Examination of The Prudential Insurance Company of America
1996 – Report of The Multi-state Life Insurance Task Force and Multi-state Market Conduct Examination of The Prudential Insurance Company of America (p13-14) – Prudential’s efforts to ensure that its agents understood and explained to consumers the effect of the change in dividend practices were largely unsuccessful and may have resulted in many cases, in…
Read MoreFTC – Federal Trade Commission – Snippets
FTC – Snippets Cash value policies differ from term insurance in three important ways. First, the premiums for a cash value policy are initially much higher than for term insurance for the same amount of insurance protection. Second, unlike the premiums for term insurance, cash value premiums do not go up with age, but remain…
Read MoreTrust
Trust 2005 – AP – The Role of Professional Organizations in Boosting Trust in Financial Business, by Brian K. Atchinson, The Geneva Papers on Risk and Insurance. Issues and Practice, Vol. 30, No. 3, Special Issue on Corporate Governance and Corporate Social Responsibility (July 2005), pp. 477-484 (8 pages)
Read More1978 – GOV (Senate) – Rights and Remedies of Insurance Policyholders – Howard Metzenbaum (D-OH)
1978 – GOV (Senate) – Rights and Remedies of Insurance Policyholders, Howard Metzenbaum (D-OH) 1978 – GOV (Senate) – Rights and Remedies of Insurance Policyholders, Howard Metzenbaum (D-OH) — [BonkNote] [PDF-1197p-GooglePlay] Part 1 – 1978 0117 and 0118 – Part 1 – Discrimination by Property and Casualty Insurance Companies: The Fairness in the Coverage and Cost…
Read MoreMetLife – Snippets
MetLife – Snippets Policyholder 1; I’m dropping my whole life policy with your company and replacing it with company x’s universal life policy. Agent 1: Universal life is not right for you, and I recommend retaining your present policy. Policyholder 2: I’m dropping my whole life policy with your company and replacing it with company…
Read More1973 – SEC – Variable Life Insurance and the Petition for the Issuance and Amendment of Exemptive Rules, Securities and Exchange Commission – 205p
1973 01 – SEC – Variable Life Insurance and the Petition for the Issuance and Amendment of Exemptive Rules, Securities and Exchange Commission 1973 – SEC – Variable Life Insurance and the Petition for the Issuance and Amendment of Exemptive Rules, Securities and Exchange Commission – [BonkNote] 1973 01 – SEC – Variable Life Insurance and…
Read MoreMVA – Market Value Accounting
MVA – Market Value Accounting Market value accounting presents the real economic “worth” of the insurance operation, and shows how that worth can and does change when the external environment changes. This information is valuable on a going concern basis as well as on a sale or liquidation basis, since an insurance company cannot be…
Read MoreNon-Interest Sensitive Policies
Non-Interest Sensitive Policies Non-Interest Sensitive – 49r – soa.org///Non-Interest Sensitive Policies Abstract: Traditional life and health products have long been regarded as non-interest sensitive. Pricing has often been done with only a single interest scenario projection. 2007 0913 – SOA / Milliman – Interest Rate Hedging on Traditional Life and Health – A Research Project with the…
Read MoreJeff Robinson
Jeff Robinson Jim Anderson is revered, but I think he did a disservice to the industry by coming out with that product. [Bonk: product = Universal Life] UL is a horror. — Who understands UL? The home office doesn’t. Maybe they do now. The IT department doesn’t. The owner doesn’t. — Jeff Robinson 2003 -…
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