Nevada

Richard Bryan (D-NV)
- 1989 to 2001 – US Senator
Howard Cannon (D-NV)
- 1959-1983 – US Senator
- 1979 0710 and 1017 – GOV (Senate) – FTC Study of Life Insurance Cost Disclosure, Senator Howard Cannon (D-NV) — [BonkNote]
Pat McCarran (D-NV)
- 1933-1954 – Senator
- McCarran-Ferguson Act
Harry Reid (D-NV)
- 1987-2017 – US Senator
Kevin Sullivan
- Insurance Commission
  - Chair – Manipulation, Lapsation, Dividend Practices and Annuity Disclosure Task Force – NAIC

Equitable Life Insurance was accused of misleading and cheating customers.
This was a situation of the so-called vanishing premium cases in the 1980s.
- They sold policies when interest rates were high.
- They told customers as soon as the interest rates went down their premiums would be lower.
  - That was not true.
- Class action lawsuits were filed in Pennsylvania and Arizona state courts, and Equitable settled the suits for $20 million helping over 130,000 people.
- However, because the insurance company was based in another state, under this legislation, the case would have been removed to federal court and these people harmed between 1984-1996 would still be waiting for justice. (S1150)

— Harry Reid (D-NV)

2005 0209 – GOV (Senate) – Senate Session
- 2005 0209 – Congressional Record – [PDF-70p]
- [VIDEO-CSPAN]
  - Class Actions, KB Toys (Deceptive Pricing Practices – 05:28:00 – Hatch), Coca Cola (Apple Juice – 05:29:00)

It might surprise you to know that about 15 percent of retirement savings in America are in cash-value life insurance-that is something that is not often shown in reports. (p31)

— John W. Mangan, Vice President, State Relations, American Council of Life Insurers (ACLI)

2019 0405 – Nevada – Minutes of the Meeting of the Assembly Committee on Government Affairs – 51p