2020s
2021 0728 – FSRA – Report – Insurer-MGA Relationship Review Report – 25p
2021 0728 – FSRA – Report – Insurer-MGA Relationship Review Report – 25p 2021 0728 – FSRA – Insurer-MGA Relationship Review Report — [BonkNote] — [link] — 25p Contents Executive summary …………. 2 Introduction ………… 5 Detailed observations ……………….. 6 1. Understanding distribution channels ……….. 7 2. Screening and Onboarding of MGAs ……….. 8 3. Insurer-MGA agreements &…
Read More2023 10 – FSRA – Report – Observed Practices in the Distribution and Sale of Universal Life Insurance – 15p
2023 10 – FSRA – Report – Observed Practices in the Distribution and Sale of Universal Life Insurance – 15p 2023 1003 – FSRA – Strengthening oversight and accountability of the life insurance sector – [link] As part of FSRA’s enhanced sector supervisory approach, today FSRA is releasing two reports: 2023 10 – FSRA – Report…
Read More2022 0310 – FTC – Consultation – Deceptive or Unfair Earnings Claims – FTC-2022-0020
2022 0310 – FTC – Consultation – Deceptive or Unfair Earnings Claims – FTC-2022-0020 2022 0310 – FTC – Consultation – Deceptive or Unfair Earnings Claims – FTC-2022-0020 — [BonkNote] federalregister.gov – [link] regulations.gov/docket/FTC-2022-0020 – [link] Comments – 1.59k – [link] FFL – 2022.05.10 – Family First Life – FFL Earnings Claim Comment Letter (final with…
Read More2023 0415 – Always Marco – WFG Is In Trouble
2023 0415 – Always Marco – WFG Is In Trouble 2023 0415 – Always Marco – WFG Is In Trouble — [BonkNote] — [VIDEO-YouTube] 10-28 – Core 10:30 – 13 – Marco: Can’t do MLM, have to do it the normal way 14 – only focus on recruiting , not financial products and services [Bonk:…
Read More2023 0224 – LIAC – Life Insurance Committee – (A) – NAIC
2023 0224 – LIAC – Life Insurance Committee – (A) – NAIC 2023 0224 – LIAC – Life Insurance Committee (A) – NAIC — [BonkNote] — 19p — (p8-) [A: NAIC Proceedings] [B: Bonk: Not in NAIC Proceedings] Rachel Hemphill – Quick Fix, Longer-term 03:22 – Fred Andersen, Chair-IULSG-MN What is “Sold”? – 06:00 -…
Read More2020s – ACLI – Snippets
ACLI – 2020s – Snippets 2020 0107 – WSJ – It’s the Hottest Thing in Life Insurance. Are Buyers Aware of the Risks? Regulators worry insurers are underplaying the dangers of a product tied to the performance of the U.S. stock market, by Leslie Scism – [link] One concern is that existing consumer materials “can lead…
Read More2021 – LC – Mosten Investments v. Manufacturers Life – Court of Appeal
2021 – LC – Mosten Investments v Manufacturers Life – Court of Appeal (48/43) – 2. Case Law Interpreting ULPs [36] In Sattva, Rothstein J. described surrounding circumstances as: “knowledge that was or reasonably ought to have been within the knowledge of both parties at or before the date of contracting” (at para 58).…
Read MoreProject – NAIC – Snippets – 2022
Project – NAIC – Snippets – 2022 2022 0407 – 2022-1, NAIC Proceedings – LIAC – Life Insurance (A) Committee 2. Adopted the Report of the Accelerated Underwriting (A) Working Group and the March 4 Draft Accelerated Underwriting in Life Insurance Educational Report Mr. Birnbaum said he participated, along with Brendan Bridgeland (Center for Insurance…
Read MoreProject – NAIC – Snippets – 2021
Project – NAIC – Snippets – 2021 2021 0811 – LIAC – NAIC – Summer National Meeting, Proceedings – 43p (p8) – 2021 0811 – LIIIWG Next Steps Summary Comment Chart 2021 1216 – LIAC – NAIC – Executive (EX) Committee and Plenary – Attachment Four – 4. The Life Insurance Online Guide (A) Working…
Read More2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance [IUL]
2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance – IUL 2020 0923 – Forbes – Sounding The Alarm On Indexed Universal Life Insurance — [BonkNote] — [link] “Consumers should avoid IUL because the insurers and agents who sell the product have no obligation to work in the consumer’s best interest.…
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