Tort Reform I think the proposals for tort reform currently being debated by Congress misses the point. I frankly think that “tort reform” is an attempt by the insurance industry to finger point the blame for its own mismanagement on the judicial system. —  Michael A. Hatch, Commissioner, Department of Commerce, State of Minnesota, 1986…

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Contract Interpretation Absurdity 1970 – LR – The Life Insurance Law in North Dakota, by John A. Zuger – 49p 2006 – LR – Contra Proferentem: The Allure of Ambiguous Boilerplate, by Michelle E. Boardman – 25p 2013 – LR – Four Conceptions of Insurance, by Kenneth S. Abraham – 46p 1970 – LR – The Life…

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Reasonable Expectations 3. Heard a Federal Update on the Implications of the DOL Fiduciary Rule – Brooke Stringer (NAIC) Micah Hauptman (Consumer Federation of America—CFA) said there are gaps in the current regulatory framework. He said he does not believe consumers’ reasonable expectations are being met. He said the DOL should require a fiduciary duty, regardless…

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IBC – Infinite Banking Concept infinitebanking.org/ Home of the Infinite Banking Concept Becoming Your Own Banker® – BYOB R. Nelson Nash – Book – Becoming Your Own Banker: Unlock the Infinite Banking Concept, by R. Nelson Nash Life Insurance Banking, etc. LEAP – Lifetime Economic Acceleration Process Pamela Yellen 2016 – Book – Fire Your…

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Outline – MetLife Ronald R. Parry – Plaintiff Lawyer 1990s Life Insurance Sold as Retirement Plans, Investments Nurses Investigation into Sales Practices of MetLife – Florida Report – <WishList> 1998 1231 – New Jersey Regulators, re: MetLife – Report of The Metropolitan Life Insurance Companies Located In New York, New York As Of December 31,…

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Profit 1983 – SOA – Profit Standards and Analysis of Earnings for Insurance Companies, Society of Actuaries – 24p

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Life Insurance Caucus Financial Protection and Life Insurance Caucus 2015 0508 – Reuters -Insurers step up lobbying to battle U.S. regulators, By Douwe Miedema – [link] “The new caucus will be instrumental in solidifying congressional support for our industry, particularly in helping to elevate our industry’s profile,” American Council of Life Insurers Chief Executive Dirk Kempthorne…

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Commercial and Financial Chronicle fraser.stlouisfed.org/title/commercial-financial-chronicle-1339?browse=1860s 1938 – Commercial and Financial Chronicle – TWO SECTIONS—SECTION TWO (ISSUE of JULY 16) – fraser.stlouisfed.org/files/docs/publications/cfc/cfc_1938_v146-Part2_index.pdf (IX) – Life insurance Metropolitan Life Ins. Co. ordered to bargain with union  …  3890 N. Y. State passes law allowing savings banks to establish life insurance departments  …  2300 Law passed reducing rate…

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Excess-Interest Whole Life 1984 0616 – NYT – Your Money: Insurers Offer Hybrid Policy, By Leonard Sloane – [link] Excess-Interest Whole Life,  Vanishing Premium, ACLI – Daniel Case ”It seems to be growing now,” said Daniel F. Case, an actuary for the American Council of Life Insurance, the trade association for the nation’s life insurers, about this…

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