Illustrations – Documents – NAIC

1990-1A - NAIC / LIMRA Consumer Testing - Universal Life Disclosure Form - 10p

1993-1

NAIC Summary of NAIC Activity, Life Insurance Disclosure Illustrations, ATTACHMENT ONE-A - 2
Statement of National Association of Life Underwriters - 257
Statement of the American Academy of Actuaries Task Force on Life Insurance Illustrations - 263
Report of the Technical Resources Group - 263

1993-1B

Discussion Draft of Proposed California Ledger Illustration Law - 789
Preliminary Report of the American Academy of Actuaries Task Force on Life Illustrations - 791
Life Insurance Disclosure Model Regulation Amendment - 800
Senator Metzenbaum Letter to NAIC - 810 (2)

1993-2

1993-3

Memo from Harold Phillips on Definitions - 442
NAIC Position Paper - White Paper on Illustrations - Life Insurance Disclosure Model Regulation - 443 (4)
NCOIL Memorandum on Life Insurance Disclosure - 443

1993-4

Attachment One-K - A preliminary report from the American Academy of Actuaries Task Force on Life Illustrations
Attachment One-L - A package of material from the California Department of Insurance dealing with proposed legislation on life insurance illustrations

1994-1

llustrations Recommended by Technical Resource Advisors (Explanation Cover page) - 367. Also Referenced in 1994, (SOA) - PROBLEMS AND SOLUTIONS FOR PRODUCT ILLUSTRATIONS
llustrations Recommended by FIPSCO (Chris Kite) - 388
NALU Statement - Illustrations - 431 (18)
Key Features Document from Consumers Union - 424

1994-2

Draft: 6/3/94 ATTACHMENT ONE-C RULES GOVERNING THE USE OF ILLUSTRATIONS IN CONNECTION WITH THE SALE OF LIFE INSURANCE
The purpose of this regulation is to provide rules for life insurance policy illustrations based upon policy guarantees and past performance.
ILLUSTRATION OF GUARANTEED BENEFITS ABC LIFE INSURANCE COMPANY - 549 - Technical Resource Group
ILLUSTRATION OF PAST PERFORMANCE ABC LIFE INSURANCE COMPANY
Statement from Commissioner J. Robert Hunter on Illustrations Of Future Values - 555
Memo from Commissioner David Lyons Clarifying the Life Insurance Committee's Position and Intentions - 568

1994-3

1994-4

1995-2

1995-3

1996-1

Life Disclosure Working Group Report on Review of NAIC Models - 595
Letter Regarding Life Insurance Illustrations Model Regulation from Commissioner Robert E. Wilcox - 597
Life Insurance Buyer's Guide March 15, 1996, Draft - 607

1996-3

Questions on Life Insurance Illustrations Model Regulation As of July 24, 1996 - 936
Discussion Draft of Questions on Life Insurance Illustrations Model Regulation Dated 8/28/96 - 945

1996-4

1996-4V2, NAIC Proceedings - ATTACHMENT ONE-A - Questions & Answers Life Illustrations Model Regulation - as of Dec.17, 1996 - p1012-1024 - 13p
- 7.8 What is the term of the contract referenced in Section 7B(2) for a contract without a maturity date?
  The working group has not addressed this issue. It would seem reasonable to use the limiting age underlying the valuation table or to use age 100, consistent with the tabular detail specified in Section 7E(l).
- 7.9 Sec. 7B(2) requires that the illustrations show the premium outlay that must be paid to guarantee coverage for the term of the contract, subject to the maximum premiums allowable to qualify as life insurance under the Internal Revenue Code.
- 7.10 If the guideline level premium will not provide coverage to the end of the term of the contract, does the illustration have to display the annual term charges allowed by § 7702 or can the illustration explain that the coverage will terminate?

1997-1