Bonk – Page 3 – [BonkNote]

Ponzi Ponzi scheme Charles Ponzi 1979 – GOV (Senate – PSI – Report) – Labor Union Insurance Activities of Joseph Hauser and His Associates – 215p Report of the Committee on Governmental Affairs United States Senate Made by its Permanent Subcommittee on Investigations Together with Additional and Dissenting Views (p3) – In this respect, the Hauser…

Tracks Jimmy Carter Start – Walter Mondale – Timothy Keating, ACLI – End – Credit Life Insurance – Arthur J. Morris Jimmy Carter Vice President Walter Mondale (D-MN) [Bonk: Google Search: “Walter Mondale”+ “Life Insurance” 2002 1031 – Washington Post – Mondale’s Ex-Staffers Abound, by Judy Sarasohn – [link] Timothy Keating … previously worked for…

TODO – NAIC Selections Critical to this approach is the assumption that companies will price their product in a rational manner. Unfortunately, not only is illogical pricing an academic possibility, it has become reality for some companies and products. An excellent example is a “Modified Premium Whole Life” type plan under which ultimate premiums purport…

Unflattering R. Dale Abshire monybush.com/ pwcsucks.com/

Point/Counterpoint 60 Minutes Saturday Night Live – SNL

Examples – Connections [Bonk: Contagion-?] In the meantime, a movement was afoot within the life insurance industry led by Metropolitan Life Insurance Company, as well as the securities brokerage industry, to put together an enhanced rehabilitation plan which would raise the crediting rate on the SPDAs from 5.5% to at least 7.5%. This effort was…

Q: Will the World Collapse if… 1988 – SOA – Actuarial Opinion on Non-Guaranteed Elements, Society of Actuaries – 12p Larry R. Robinson,Chairman of the ACLI Subcommittee on Cost Disclosure The article is entitled “Future Shock” by Harry Lew with the sub-heading: – <WishList> “What will happen when a generation of insurance buyers begins comparing unrealistic illustrations with…

GOV – Hearings – Notes 2009 0318 Federal Aid to AIG Insurance CEO Testimony Liddy Kanjorski – Liddy – Allstate – Claims Paying, Lawsuits 2009 0318 Federal Aid to AIG Insurance Regulators p1and 2o2 Ario – Policyholders are completely protected….. Pennsylvania v. Texas-???

Bonk – Documents 1970s 1975 (originally) / 1999 – SOA – The Universal Life Insurance Policy, by James C.H. Anderson, Society of Actuaries – 10p 1980s 1981-2, NAIC Proceedings – Completely Flexible Plans – p785-786 – 2p 1982-1, NAIC Proceedings – ACLI – Paper on Cost Disclosure for Universal Life, by the Special Task Force of…

Q: How Do You Eat An Elephant? The very idea of getting a handle on everything that is going on is mind boggling; but when organized, the elephant can be eaten, a bit at a time. — Alan B. Peterson, Equitable 1977 – SOA – Corporate Planning: Procedural Aspects, Society of Actuaries – 18p ……