MDL-582 - NAIC - LIIMR - Life Illustration Model Regulation - Comments

  • Walker v. LSW - Judge - Video
  • NAIC Proc - 1990s - end of Working Group  - Good Job
  • One of the first things that a serious reader of the NAIC Life Insurance Illustrations Model Regulation will realize is that it is not a tightly written document.

--  Thomas L. Bakos, Guardian, will speak as the appointed illustration actuary of a life insurance company

1996 - SOA - Implementing the Illustration Regulation: The Clock Is Ticking, Society of Actuaries - 25p

  • Commissioner Wilcox said that he admitted that the working group [Life Disclosure Working Group] had gotten a little sloppy on its terminology, but it had been clear all along that the working group was focusing on sales.

--  Robert E. Wilcox, Utah Insurance Commissioner and Chairman of the Life Disclosure Working Group (NAIC)

1996-4V2, NAIC Proceedings

  • I'm a member of the NAIC working group that developed this regulation and I am terribly disappointed.
  • I have been interested in the illustration issue for probably 15 or 20 years, and some of you may know that when I became President of the SOA, the first thing I did was establish the task force that developed the report on sales illustrations.
  • Tragically, what's come out of this process doesn't do the job.

--  Daphne D. Bartlett

1995 - SOA - Sales Illustrations, Society of Actuaries - 14p

1991-1992 - SOA - Final Report* of the Task Force for Research on Life Insurance Sales Illustrations: Under the Auspices of the Commitee for Research on Social Concerns - Judy Faucett (Chairperson), tsr917 - Society of Actuaries  ---  [BonkNote]  ---  142p