NAIC – Advertising Rules Governing The Advertising Of Life Insurance At the June NAIC meeting in Boston, the Task Force announced  that it was charged with the review of the Rules by the NAIC President Josephine Driscoll (Ore.). The Oregon Division believed that revisions may be necessary to keep pace with the new generation of…

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Illustrations – NAIC  1994-1 Adopted the report of the Life Disclosure Working Group, which decided that the appropriate illustration should show only policy guarantees and past performance compared to a common index. Communication “Mr. Coleman said he was very disappointed with the plan announced. He was critical of the proposal that the future performance could…

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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…

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Universal and Other New Plans Task Force – A – NAIC 2. Discussion of task force charges Commissioner Hager (Iowa) indicated that two components of the task force charges were to be the focus of the discussion: (1) the activity of the actuarial task force and; (2) whether there are disclosure problems with universal and…

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More Task Forces, Working Groups, etc – NAIC Transparency and Readability of Consumer Information Working Group (70’s) Life Insurance Disclosure (C3) Task Force Consumer Participation (EX4) Subcommittee, 1980-2 NAIC Proc. 166 Manipulation, Lapsation, Dividend Practices and Annuity Disclosure, 1983-2 NAIC Proc. 612 Market Conduct Surveillance (EX3-c) Task Force, 1983-4 NAIC Proc. 257 Life Insurance Taxation…

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Universal Life Task Force – (A) – NAIC FIRST: 1983-4, NAIC Proc. LAST: 1988-1, NAIC Proc.  In June 1982 the NAIC created a new Universal Life Insurance Task Force 1983-1, NAIC Proceedings 1. In the Plenary Session, the Executive Committee report was adopted subiect to the following amendments to the report of the Life Insurance…

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Product Development Task Force – (A) – NAIC Consumer Disclosure Issues Working Group of the Product Development (A) Task Force – NAIC Focus Groups FIRST: 1989-4 NAIC Proc. 673 / LAST: 1991-4 NAIC Proc. 604 1988-2 NAIC Proc. – Name Changed – John Montgomery (CA) suggested a change in the name … Changed name from…

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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…

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