4-Home
Academic | Actuarial | Government | Industry | Law | Regulation | Policies
Three - NAIC Working Group Notes
Four - MAIN
Five - Academic
Six - Actuarial
Seven - Consumer Reps
Eight - Government
Nine - Industry
-A) ACLI
-B) NAIFA
-C) Agents
-Training
-Legal Cases
Ten - Law
Eleven - Media
Twelve - NAIC
Thirteen - "Mission Snippets"
Fourteen -Issues / Topics
Fifteen - Projects
Fifteen - Interested People
Sixteen - "Ralph Nader Didn't Say it"
Seventeen - Solutions???
Eighteen - Read About
Companies - www.bonknote.com/4-companies/
Illustrations - www.bonknote.com/4ils/
INDEX - www.bonknote.com/4index/
- Brenda Cude
- David Lange
- Joseph Belth
- Jeffery Stempel
- Mark Dorfman
- Mehr
Actuarial
1991-1992 - FINAL REPORT* OF THE TASK FORCE FOR RESEARCH ON LIFE INSURANCE SALES ILLUSTRATIONS - 142p
1998, Market Conduct: A New Actuarial Frontier, Society of Actuaries
Government
1978 - Life Insurance Marketing and Cost Disclosure Report - Moss
1992 - Consumer Disclosure of Insurance
1993 - When Will Policyholders Be Given The Truth About Life Insurance? - Metzenbaum
Senator Metzenbaum
1993-1B - Senator Metzenbaum Letter to NAIC - 810
Congressman Moss
Industry
ACLI
1982-1 p399 - ACLI - Cost Disclosure for Universal Life - 4p
-Michael Lovendusky, Emily Micale, John Bruins
-Gary Hughes, Tony Spano, John Booth
NAIFA (formerly NALU)
References
-NALU / NAIFA Statement - Illustrations -1994-1, 431
People
Gary Sanders
Robert M. Nelson
1993 - SALES ILLUSTRATIONS - WE CAN'T LIVE WITH THEM, BUT WE CAN'T LIVE WITHOUT THEM!, Society of Actuaries
Law
Words and Concepts-
Reliance (Justifiable / Reasonable), Puffery, Material Misrepresentation, Scienter
Legal Cases-
-Blumenthal vs New York Life
-Vogt vs State Farm
Law Reviews-
Coverage Information in Insurance Law, Daniel Schwarcz, 101 Minnesota Law Review 1457 (2017)
The No-Reading Problem in Consumer Contract Law. Ayres, I., & Schwartz, A. (2014). Stanford Law Review, 66(3), 545-609.
LIABILITY ISSUES IN THE SALE OF LIFE INSURANCE. Richmond, D. (2005).Tort Trial & Insurance Practice Law Journal, 40(3), 877-909
Policies
- Universal Life
- Descriptions - Historic, Current
- People-
- George R. Dinney
- James CH Andersen
- Adjustable Life -
- People
- Walter Chapin - Minnesota Mutual Life
- Charles Trowbridge - Bankers Life
NAIC References
-NAIC / LIMRA Consumer Testing - Universal Life Disclosure Form -1990-1A p464 - 10p
-Policy Information For Applicant – Universal Life Policy, 1990-1
-NAIC Position Paper - White Paper on Illustrations - 1993-3, Life Insurance Disclosure Model Regulation - 443 (4)
Regulation / NAIC
Model Regulations (Adopted)
-Unfair Trade Practices
-Life Insurance Disclosure (Solicitation)
-Life Insurance Buyer's Guide
-Universal Life
-Life Insurance Illustrations
Working Groups / Task Forces, etc
-Universal Life Insurance (A) Task Force
-Universal & Other Plans (A) Task Force
-Product Development (A) Task Force
-Consumer Disclosure Issues (A) Working Group
-Life Disclosure Working Group
People
Huff
Garamendi
Wright
Wilcox
New Jersey Guy
William Hager
NAIC Snippets
- Problems spotted during a market conduct review can be a precursor to financial solvency concerns.
NAIC Webpage, https://content.naic.org/cipr_topics/topic_market_conduct_regulation.htm
Topics / Questions
-Performance
-Policy Overview
-How are Policies Described? Example: Universal Life
-How do Agents use "Policy Summaries?"
-NGEs vs G's only - History
-Role of NAIC re: consumer assistance
-Target Market
-Focus Groups
-How to tell consumers without breaking the system
-Words and Concepts-
-Premium vs Charges
-UL -Perm, Whole, Dynamic,
Projects
- Life Insurance Buyer's Guide - Compare and Contrast Versions
-
- Universal Life descriptions
- Special Plans
- Premium vs Charges
- Authors
- Cash Value vs Cash Surrender Value
- Universal Life descriptions
- Universal Life Explanations
- Recent NAIC Working Group Question
- Mix and Match
- CIPR Questions re: Illustrations Regulations
- Annotated Model Regulations
- Illustrations
- Disclosure
- Universal Life
- Annotated Model Regulations