Disclosure
Life Insurance Disclosure Model Regulation – NAIC
Life Insurance Disclosure Model Regulation – 580 – NAIC 1980-2, NAIC Proceedings (p683) – Re: Report on Evaluation of NAIC Model Life Insurance Solicitation Regulation To: Jon S. Hanson, From: Carolyn Cobb, Date: November14, 1979 You requested that I prepare a report which would assist the Task Force in evaluating the NAIC model cost disclosure…
Read MoreLDWG – Life Disclosure Working Group – (A) – NAIC
LDWG – Life Disclosure Working Group – (A) – NAIC LDWG – Life Disclosure Working Group – (A) – NAIC — [BonkNote] 1993-2003 – NAIC Proceedings Life Insurance Illustrations Model Regulation, MDL-582 – 38p Chairs Wright Wilcox Google Search – 28 Results 1993 0525 – GOV (Senate) – When Will Policyholders Be Given The Truth About…
Read More1975 – GOV (Senate) – Veterans Insurance Information Disclosure – Richard Stone (D-FL)
1975 1203 /1204 – GOV (Senate) – Veterans Insurance Information Disclosure 1975 1203 and 1204 – GOV (Senate) – Veterans Insurance Information Disclosure, Richard Stone (D-FL) — [BonkNote] [PDF-989p/1065p-GooglePlay] Senate – Committee on Veterans’ Affairs – Subcommittee on Housing and Insurance (p36) – William H. Huff III (Iowa) – President of NAIC, Statement (p44) – NAIC…
Read MoreCIDWG – Consumer Disclosure Issues Working Group – (A) – NAIC
CIDWG – Consumer Issues Disclosure Working Group – (A) – NAIC CIDWG – Consumer Issues Disclosure Working Group – (A) – NAIC — [BonkNote] Focus Groups Product Development Task Force – NAIC Bill Hager, Chair, Iowa Insurance Commissioner 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Test Market Results – CIDWG…
Read MoreGuarantees Only
Guarantees Only – Illustrations The regulators reached a decision to require that illustrations only show guarantees of future performance and actual past performance. 1994-1 NAIC Proc. A concern I have about illustrating guaranteed only is the potential pressure that can be put on companies to strengthen their guarantees. There was a recent article in the…
Read MoreDisclosure
Disclosure Disclosure – Index The purpose of disclosure is to let the life insurance buyer know what he’s getting. — Russell R. Jensen 1977 – SOA – Cost Disclosure in Individual Life Insurance – Society of Actuaries – 18p …. I agree that failure to disclose not only misrepresents but also sows the seeds of destruction. …
Read MoreTiming of Disclosures / Information to Consumers
Timing of Disclosures / Information to Consumers Since supplying this information can interfere with the sales process, it would appear much better to give the customer a ten day free look and supply the required information at time of delivery. — Paul J. Overberg 1976 – SOA – Cost Comparisons and Policy Language, Society of Actuaries -…
Read MoreManipulation, Lapsation, Dividend Practices and Annuity Disclosure Task Force – (A) – NAIC
Manipulation, Lapsation, Dividend Practices and Annuity Disclosure Task Force (A) – NAIC 1982-2, NAIC Proceedings 1983-2 NAIC Proceedings 1983-4 NAIC Proceedings actuary.org/content/academy-journal-1982 1981 0602 – AAA – Journal, American Academy of Actuaries Statement 1981-12 – p144-155 – 12p 1982-2, NAIC Proceedings – (524-526) – ACLI to NAIC – Statement on Behalf of the American Council…
Read MoreLife Cost Disclosure Task Force – (A) – NAIC
Life Cost Disclosure Task Force – (A) – NAIC 1982-1989 LIFE INSURANCE (A) COMMITTEE – (A) Task Force – Life Cost Disclosure (RECEIVED) 1. Received a summary of several possible amendments to the Life Insurance Solicitation Regulation and Buyer’s Guide. 2. Heard recommendations and reports from departments, consumer groups and industry concerning the regulation of…
Read MoreCost Disclosure
Cost Disclosure The purpose of disclosure is to let the life insurance buyer know what he’s getting. — Russell R. Jensen 1977 – SOA – Cost Disclosure in Individual Life Insurance – Society of Actuaries – 18p Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life…
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