1980s – Congress – Snippets 1980 0207 – Congressional Record – Senators Howard Cannon (D-NV),  Howard Metzenbaum (D-OH),  John Durkin (D-NH), re: FTC, McCarran-Ferguson Act – p2382 – congress.gov/bound-congressional-record/1980/02/07/senate-section (p2367-2368) – Senator Howard Cannon (D-NV) – Mr. President, at the time of the markup in the Senate Commerce Committee on the FTC bill, I held the…

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1980s – Actuarial – Snippets Whenever you are working on something new and innovating, it is always a good idea to look back and see what the ancients called it. —  Charles W. McMahon 1980 – SOA – Product Innovation – Response to Consumer Needs in the 1980’s, Society of Actuaries – 14p Some of our…

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1982 0715 – GOV (Senate) – Fair Insurance Practices Act – Bob Packwood (R-OR) 1982 0715 – GOV (Senate) – Fair Insurance Practices Act, Bob Packwood (R-OR)  —  [BonkNote] [PDF-227p-GooglePlay] To Promote Interstate Commerce by Prohibiting Discrimination in the Writing and Selling of Insurance Contracts, and for Other Purposes ACLI – Barbara Lautzenheiser, senior vice president,…

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1980s – NAIC – Insurance Regulators – Snippets The FTC efforts to deter state action on life insurance cost disclosure, under the guise of assisting the states, when in fact, the game plan was to initiate an FTC regulation on the basis that the states failed to act, might be described as a federal fraud.…

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1980s – ACLI – Snippets 1. Heard report by ACLI concerning life insurance cash flow and liquidity problems caused by recent financial instability.  The report noted: (a) High interest rates caused cash outflow. (b) Forward investment commitments have been a source of cash drain while anticipated cash inflows have not materialized. (c) Few companies have…

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1988 0726 – GOV (Senate) – Financial Planners and Investment Advisers, Chris Dodd (D-CT) 1988 0726 – GOV (Senate) – Financial Planners and Investment Advisers, Chris Dodd (D-CT)  —  [BonkNote] [PDF-249p-GooglePlay,  Financial Planners and Investment Advisers and What Consumers Can Expect When They Choose to Seek Professional Advice to Plan Their Financial Affairs CFA – Barbara…

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1970s / 1980s – LIBG – Life Insurance Buyer’s Guide – Wisconsin Wisconsin Task Force William SNELL. Northwestern Mutual – In Wisconsin in July 1977, the state held a hearing on the NAIC Model Life Insurance Solicitation Regulation. Most people present suggested that it be adopted. Nothing happened until May 1978, when a new regulation…

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