NAIC-Groups
NAIC – Conference Calls
NAIC Conference Calls 2018 2018 0719 – LIAC – Mary Mealer – Adopted Life Insurance Buyer’s Guide 2018 0917 – LIOGWG (Canceled??) 2018 0921 – Consumer Information Subgroup 2018 0924 – LIIIWG. Notes? Call? 2018 0927- Life Actuarial Task Force (LATF) 2018 1009 – LIIIWG 2018 1010 – LIOGWG 2018 1024 – LIAC 2018 1109…
Read MoreLife Marketing Practices to Senior Citizens Working Group – NAIC
Life Marketing Practices to Senior Citizens Working Group – NAIC Superintendent Stokes concurred, stating that she has serious problems with providing the disclosure form after the consumer has made a decision to purchase the policy. She did not feel the free-look period was an acceptable substitute for giving the disclosure information at an earlier time.…
Read MoreLife Cost Comparison Working Group – NAIC
Life Cost Comparison Working Group – NAIC Research Projects Research project 12: The Manipulation Issue, E J. Moorhead – <WishList> Life Insurance Cost Comparison (C3) Task Force The purpose of revising the preliminary draft is to produce a buyers guide which contains the same general concepts as those contained in the preliminary draft but in…
Read MoreLIIIWG – Life Insurance Illustrations Issues Working Group – (A) – NAIC – Snippets
LIIIWG – Snippets 2015 2015-1 2015-2 2015-3 3. (LIAC) Appointed a New Working Group to Address Life Insurance Policy Illustration Issues In response, she <Commissioner McPeak> said the Committee received comments from the American Academy of Actuaries (Academy), the American Council of Life Insurers (ACLI), the California Department of Insurance, the Massachusetts Mutual Life Insurance…
Read MoreNAIC – Working Groups – Snippets
NAIC WGs – Snippets 2013 24. Discussed Inconsistencies in Index-linked Universal Life Policy Illustrations John Bruins (ACLI) discussed the inconsistencies, across a number of companies, in the illustration of index-linked universal life policies. He said they would like the Task Force to consider an actuarial guideline or a change to a model regulation to address…
Read MoreLIIIWG – Life Insurance Illustration Issues Working Group – (A) – NAIC
LIIIWG – Life Insurance Illustration Issues Working Group – (A) – NAIC LIIIWG – Life Insurance Illustrations Issues Working Group – NAIC – Index Birny Birnbaum – NAIC Consumer Representative, CEJ Brenda Cude – NAIC Consumer Representative, University of Georgia, Financial Planning, Housing and Consumer Economics Michael Lovendusky – ACLI Mary Mealer – Missouri Emily…
Read MoreReplacement Issues Subgroup – NAIC
Replacement Issues Subgroup – NAIC 1996-3v2. NAIC Proceedings 913 – 1. Report of Replacement, Issues Subgroup Carolyn Johnson (NAIC/SSO) reported that the Replacement Issues Subgroup met by conference call twice and discussed surveying insurers to learn more about their replacement practices. The subgroup requested comments be sent to Ms. Johnson on the survey draft attached…
Read MoreCost Indices Subgroup – (A) – NAIC
Cost Indices Subgroup – (A) – NAIC Cost Indices Subgroup (A) of the Life Disclosure (A) Working Group – NAIC The group first considered a suggestion from Chris Kite (FIPSCO) for a new type of index that would allow consumers to compare the assumptions in the illustration. Mr. Kite said his index has the advantage of…
Read MoreBuyer’s Guide Subgroup – Life Insurance – NAIC
Buyer’s Guide Subgroup – NAIC 1995/12/13 – Start of Charge to Revise LIBG 1996/03/25 – Dunlap, Higgins, Kite, Cude – Rewrote LIBG 1996/05/23 – 1996/06/01 – 1996/06/04 – 1996-2 (p696) – Draft (Attachment FIVE 1-A) 1996-1 1996-2 1996-3v1 1996-3v2 1996-3B – NAIC Draft redlined Life Insurance Buyer’s Guide – Draft – 6p More Life Insurance…
Read MoreLife Insurance and Annuities Replacement Model Regulation – MDL-613 – NAIC
Life Insurance and Annuities Replacement Model Regulation – MDL-613 Many states which have adopted the Replacement Regulation have found that it acts as a “license to steal.” It is generally used effectively by the professional twister and provides him with a defense in the event his sales techniques are questioned. (p544) — Life Insurance Cost…
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