Archive for April 2024
ART – Annual Renewable Term
ART – Annual Renewable Term 2003 – SOA – Mortality Anti-selection — Different Versions of Dukes/MacDonald, by Douglas C. Doll, Society of Actuaries – 3p
Read MoreJennifer Keller
Jennifer L. Keller kelleranderle.com/lawyers/jennifer-l-keller/ kelleranderle.com/lawyers/jennifer-l-keller/ In 2018, Jennifer won a jury verdict for MassMutual Life Insurance Co. in a bellwether class action jury trial in Los Angeles. The class claimed it had been unfairly deprived of dividends. The jury found it had not, which led to the collapse of a nationwide class. The trial was…
Read MoreSearch – Google – Terms
Search – Google – Terms “trial exhibit” “life insurance” “location” 2021 Spring – ABA-Litigation – Demonstrative Evidence: Tell and Show, by Jennifer L. Keller and Chase A. Scolnick, American Bar Association, VOL. 47 NO. 3 – p43-48 – 68p (p44) – Trial counsel used the following graphic in a bellwether trial challenging an insurer’s products: The plaintiffs…
Read MoreFred Anderson
Fred Anderson 2020 0107 – WSJ – It’s the Hottest Thing in Life Insurance. Are Buyers Aware of the Risks? Regulators worry insurers are underplaying the dangers of a product tied to the performance of the U.S. stock market, by Leslie Scism – [link] One concern is that existing consumer materials “can lead to unrealistic expectations,”…
Read MoreEBSA – Employee Benefits Security Administration
EBSA – Employee Benefits Security Administration Department of Labor 2017 0706 – RFI – EBSA – Request for Information Regarding the Fiduciary Rule and Prohibited Transaction Exemptions – RIN: 1210-AB82, Document Number:2017-14101 – federalregister.gov/documents/2017/07/06/2017-14101/request-for-information-regarding-the-fiduciary-rule-and-prohibited-transaction-exemptions Regulations.gov – EBSA-2017-0004 – regulations.gov/docket/EBSA-2017-0004 822 Comments – regulations.gov/docket/EBSA-2017-0004/comments 2017 0807 – Letter – NAIC to EBSA – Re: RIN 1210–AB82…
Read MoreDOL – Fiduciary Rule – Gaps
DOL – Fiduciary Rule – Gaps 2023 – GOV – Aren’t any Gaps SEC – Best Interest Rule NAIC – Annuity Suitability GAP – Life Insurance – Indexed Universal Life / Universal Life / 401k, 72T, SEPP, IRA Doug Andrew, etc CFA – Consumer Federation of America 2017 0731 – Letter – CFA to NAIC…
Read MoreAnnuity Suitability Working Group – (A) – NAIC
Annuity Suitability Working Group – (A) – NAIC carltonfields.com/insights/expect-focus/2018/another-bout-in-the-naic-best-interest-standard-ti In response to the National Association of Insurance Commissioners’ (NAIC) Annuity Suitability Working Group’s (Suitability WG) proposed revisions to the “Suitability and Best Interest Standard of Conduct in Annuity Transactions Model Regulation” (Model), 23 comment letters were submitted by regulators, consumer groups, industry groups, and companies…
Read MoreIALC – Indexed Annuity Leadership Council
IALC – Indexed Annuity Leadership Council fiainsights.org/ Case 3:16-cv-01537-N Document 1 Filed 06/08/16 – https://www.napa-net.org/sites/napa-net.org/files/PDFs/indexed-annuity-suit.pdf
Read MorePrimerica – Lawsuits
Primerica – Lawsuits 2023 – LC – Primerica vs Marco Moukhaiber – Always Marco — [BonkNote] [Primerica – The Bear Cave Report — [BonkNote]] 2024 0418 – Report – The Bear Cave – Problems at Primerica (PRI), by Edwin Dorsey – [link] 1993 – LC – Alexander v. Primerica Holdings, Inc., 10 F.3d 155, 162 (3d Cir.)…
Read MorePrimerica – Bad Press
Primerica – Bad Press 1998 05 – InsuranceObserver.com – 9p The Devil Inside Sandy Weill Indeed, we were unaware that Sandy Weill, Travelers’ chairman and CEO, was such a bluenosed prig, especially in light of Weill ‘s own obscene behavior: the many hundreds of millions of dollars of options he’s been granted; the eyesore five-story neon orange…
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