1983-4

  • In addition, a revised Buyer's Guide has been developed and is proposed for adoption as part of the new model regulation.
  • The revised draft includes annotations indicating the source and background of the changes being proposed to the current model regulation.
  • This proposal would incorporate the following new features into the model regulation:
    • 2. A special plans section to accommodate the unique features of nontraditional plans such as universal life insurance.

1983-4, NAIC Proceedings

We are raising fees, we are goofing around with this thing, in every which way, when we were very successful in the way we handled it before, and I think the number of registrations will increase.

  • I don't think we are ripping off the companies when we charge them these exorbitant fees, and I don't know how you go about collecting money in any other manner, but you constantly increase the fees, and you run them out.
  • If that is what you want to do, maybe we should, and have a 51 or 52 member organization meeting and meet in secret where they can't be there.
  • We are not encouraging them by increasing the fees all the time, and we know where all that money comes from, don't we?
  • The same place ours comes from -- the public.

1983-4, NAIC Proceedings