Agents v. Companies 1980s 1985 – LC – Glassman v. Metropolitan Life Ins. Co. –  616 F. Supp. 145 – Dist. Court, ND Illinois, 1985 – [Google Scholar link] … Glassman (Glassman) brought this libel action against his former employer, Metropolitan Life Insurance Company (Metropolitan … We wish to inform you that Mr. Ray Glassman…

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Agent Statements – Walker v LSW I tell clients that the cash value is guaranteed not to go down when the market goes down because the cash value has a 0% annual floor. —  Declaration of Sean L. Covi, Agent – Doc 258 – 2010 0710 – 11p 2000s – LC – Walker v LSW (Life…

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Deceptive Sales Practices Deceptive 1973 / 1974 – GOV (Senate) – The Life Insurance Industry, Senator Hart (D-MI) – 4 Parts  —  [BonkNote] 1973 0223 – Part 3 of 4 – [PDF- 641p-GooglePlay] (p2074) – “Deceptive Sales Practices in the Life Insurance Business,” by Joseph Belth (draft)  1974 – AP – Deceptive Sales Practices in…

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Principal – Agent Crown Life v Casteel 2023 – FSRA – Consultation www2.imms.com/members/3rdparty/AmerCol/legalbook/chap16c.htm [Principal-Agent] The rule in this Commonwealth has long been that “where limitations on the soliciting agent’s authority are contained in the application, the insured is bound to take notice thereof and he cannot hold the company bound for acts of the agent…

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Big I – Independent Insurance Agents & Brokers of America IIABA independentagent.com/default.aspx 2004 0929 – Big I – Big “I” Strongly Supports Legislation Curbing Questionable Life Insurance Sales Practices – [link] The Independent Insurance Agents & Brokers of America (the Big “I”) today praised the House Financial Services Committee for its quick approval of H.R. 5011,…

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NAIFA / NALU – People William N. Albus Jack E. Bobo  1970s – Executive Vice President of the National Association of Life Underwriters (NALU). 1979 – SOA – Cost Disclosure (Moss Report), Society of Actuaries – 18p https://at.naifa.org/legendary-naifa-leader-jack-e.-bobo-has-passed-away Thomas Gregg Robert Nelson 1990s – Chairperson of the National Association of Life Underwriters (NALU) Task Force on Illustrations…

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NAEPC – National Association of Estate Planners & Councils naepc.org/ naepcjournal.org/wp-content/uploads/issue36.pdf by Kathryn A. Ballsun, Patrick J. Collins, and Dieter Jurkat, San Raphael, California (Part 1 of 4) – 2006 – ACTEC – Trustee Administration of Life Insurance – 22p (Part 4 of 4) – 2006 – ACTEC – ILIT Asset Management: The Written Investment…

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NAILBA – National Association of Independent Life Brokerage Agencies nailba.org/ nailbacasemanager.com/courses/life-insurance-overview/ 2010 – NAILBA – Brokerage Desk Reference – 179p 2018 – NAILBA – Field Underwriting Guide Version 4.0 – 266p https://nailba.memberclicks.net/assets/2021DOCUMENTS/NAILBA_Media_Kit_2021.pdf https://www.thinkadvisor.com/2021/06/28/new-law-to-boost-life-policy-savings-power-carrier-executives/ (p40) – Adjustable Life Insurance—An adjustable life insurance product contains all the usual features of traditional cash value insurance with the added flexibility…

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Consumer Buying Process Judy Faucett responded that people spend more time buying a microwave than they do an insurance policy. 1994-1, NAIC Proceedings The product is complex and confusing. The following factors must be considered in the rational selection of life insurance: (1) Amount of coverage needed. (2) Understanding of the basic workings of various…

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Duty Duty to Disclose Duty to Read Duty to Speak Fiduciary Duty Memorandum of Law in Support of American General Life Insurance Company’s Motion for Summary Judgement See Watkins v. HRRW, LLC, 2006 WL 3327659, at *8 (“Tennessee courts, however, have rejected breach of fiduciary duty claims against insurance agents in various factual circumstances.”); see…

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