1990s
1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance? – Howard Metzenbaum (D-OH)
1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance? 1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About Life Insurance?, Howard Metzenbaum (D-OH) — [BonkNote] [PDF-354p – VIDEO-?] Agent – Jerry Keating – John Hancock NAIC – David Lyons – NAIC, Iowa Insurance…
Read More1996-3v2, NAIC Proceedings
1996-3v2 Summaries of Plans The company shall prepare a Summary of each Plan which shall be provided to each policyowner with the issuance of the policy. The summary shall comply with requirements as set forth in the NAIC Model Regulation. Each summary shall describe the basis of policy owner expectations, but is not expected to…
Read MoreBuyer’s Guide Subgroup – Life Insurance – NAIC
Buyer’s Guide Subgroup – NAIC 1995/12/13 – Start of Charge to Revise LIBG 1996/03/25 – Dunlap, Higgins, Kite, Cude – Rewrote LIBG 1996/05/23 – 1996/06/01 – 1996/06/04 – 1996-2 (p696) – Draft (Attachment FIVE 1-A) 1996-1 1996-2 1996-3v1 1996-3v2 1996-3B – NAIC Draft redlined Life Insurance Buyer’s Guide – Draft – 6p More Life Insurance…
Read More1992-2B, NAIC Proceedings
1992-2b (p1049) – LIFE & HEALTH ACTUARIAL (TECHNICAL) TASK FORCE Proposed new NAIC Model Regulation for Valuing Life Insurance Policies (Attachment One-H) ………..1084 Proposed new Actuarial Guideline EEE, Valuation Requirements of “Term-Like” Universal Life Insurance Products (Attachment One-1)…..1109 Letter Describing Work of American Academy of Actuaries Committee on Life Insurance on Sales Illustrations and Non-guaranteed…
Read More1993-1, NAIC Proceedings
1993-1 LIFE INSURANCE (A) COMMITTEE Monitor the activity of the Life Disclosure Working Group as it considers establishing requirements for policy illustrations or ledger information disclosed or made available to consumers of life insurance. Review the appropriate time for delivery of the Guide to Buying Life Insurance After Age 60. Survey consumers to evaluate the…
Read MorePolicy Information for Applicant – Universal Life Policy – NAIC
Policy Information for Applicant – Universal Life – NAIC Focus Groups 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary, — [BonkNote] — 10p 1993 – NAIC – Policy Information for Applicant – Universal Life Policy – 3p Life Insurance Disclosure Model Regulation – Appendix D Located in: 1993 0525 – GOV (Senate)…
Read More1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p
1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Test Market Results – Focus Group – CIDWG -Consumer Issues Disclosure Working Group — [BonkNote] — 10p 1993 – NAIC – Policy Information for Applicant -…
Read More1994-2, NAIC Proceedings
1994-2 Mr. Wright said the working group might develop two alternative models, one with guarantees only, and one with projections of non-guaranteed elements in an understandable format. Mary Griffin (Consumers Union) asked about Section 2 and the phase “misrepresenting the benefits of the life insurance policy.” Mr. Coleman commented on the definition of illustration in…
Read More1996-2, NAIC Proceedings
1996-2 LOCATE 1996-2 NAIC Proc. 646 -No Full Pay Required -Based on what Consumer Wants Q: 7.5 However, I believe that the regulation states that the premiums shown in the basic illustration must be those anticipated by the policyholder. How does this reconcile with the concept of having basic illustrations be full pay only? …
Read More1996-1, NAIC Proceedings
1996-1 Data Access Dr. Yager said he attended some of the NAIC computer sessions in Detroit and he found the NAIC databases to be fascinating but that he could not afford to pay the user fees required to access the databases, particularly the Common User Interface. Mr. Adkins said he would like access to the…
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