NAIC-Model Laws,
LIBG – Life Insurance Buyer’s Guide
LIBG – Life Insurance Buyer’s Guide LIBG – Life Insurance Buyer’s Guide – Index 1981-12 – Journal – American Academy of Actuaries – Statement to NAIC, RE: Dividends, Life Insurance Buyer’s Guide – [PDF-12p] EXHIBIT C: POSSIBLE CHANGES IN SOME SECTIONS OF THE LIFE INSURANCE BUYER’S GUIDE – p151-153 1981-2 NAIC Proc. – POSSIBLE CHANGES IN…
Read More65 or older
65 or older 2022 0304 (Date Filed) – LC – Williams v. National Western Life Insurance – Opinion on Transfer, Appeals Court – 52p (p7) – 5 Section 785, subdivision (a) provides: “All insurers, brokers, agents, and others engaged in the transaction of insurance owe a prospective insured who is 65 years of age or older, a…
Read MoreULMR – Universal Life Insurance Model Regulation – 585 – NAIC
ULMR – Universal Life Insurance Model Regulation – 585 – NAIC Chronological Summary of Actions 1984 Proc. I 6, 31, 376, 514, 515-526 (adopted). 1988 Proc. I 9, 19-20, 494, 599-600, 627 (adopted change to footnote 3). 1989 Proc. II 13, 23, 414-415, 428-429, 431-442 (amended to include consumer disclosure requirement). 1990 Proc. I 6,…
Read MoreMCAS – Market Conduct Annual Statement – NAIC
MCAS – Market Conduct Annual Statement – NAIC Market Conduct Annual Statement Life & Annuities Data Call & Definitions Cash Value Product – A life insurance policy that generates a cash value element. Term life policies with cash value are considered cash value products. Lawsuits Closed During the Period with Consideration for the Consumer—A lawsuit…
Read MoreNAIC – Illustration Model Regulation – Comments
NAIC – Illustration Model Regulation – Comments Walker v LSW – Judge – Video NAIC Proc – 1990s – end of Working Group – Good Job One of the first things that a serious reader of the NAIC Life Insurance Illustrations Model Regulation will realize is that it is not a tightly written document. — …
Read MoreValuation and Nonforfeiture
Valuation and Non-forfeiture Nonforfeiture Second Standard Nonforfeiture Law – NAIC Standard Non-Forfeiture Law – SNFL Valuation Standard Valuation Law – SVL Valuation Actuary 1987 – SOA – Valuation Actuary Handbook – VAH 1987 – SOA – Valuation Actuary Handbook – VAH871 – Chapter 1 – Insurance Company Statutory Valuation, Society of Actuaries – 34p Valuation…
Read MoreULMR – Universal Life Insurance Model Regulation – 585 – NAIC – Snippets
ULMR – Universal Life Model Regulation – MDL-585 – NAIC – Snippets PAGE 1 Drafting Note: It is the position of the drafters of this regulation that universal life insurance is simply another competing type of life insurance which should be treated, to the extent possible, in the same regulatory manner as other life insurance…
Read MoreLife Insurance Illustrations Model Regulation – LIIMR – 582 – NAIC
Life Insurance Illustrations Model Regulation – LIIMR – 582 – NAIC Life Insurance Illustrations Model Regulation – LIIMR – 582 – NAIC Proceedings – Citations — [BonkNote] George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations) Obviously, this isn’t the first time the industry and the regulators have become involved…
Read MoreSVL – Standard Valuation Law
SVL – Standard Valuation Law 820-standard-valuation-law II. Proposed Changes in the Standard Valuation Law Draft of November 20, 1972 1973-1, NAIC PROCEEDINGS lt may be of interest to convey some of the highlights, – – – excerpts of these communications follow: We could accept the judgment of many, but not all, financial experts that we…
Read MoreRegulation XXX – NAIC
Regulation XXX – NAIC 2001 02 – Report – AAA – XXX Practice Note – NAIC Model Regulation XXX, American Academy of Actuaries – 17p 2001 – SOA – Regulation XXX: A Comprehensive Overview, Society of Actuaries – 25p 2006 – AP – Regulation XXX Spurs Insurance Securitization, by Stephen Rooney – <WishList-HeinOnline> The valuation actuary…
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