Regulatory
NOLHGA – National Organization of Life and Health Insurance Guaranty Associations
NOLHGA – National Organization of Life and Health Insurance Guaranty Associations nolhga.com National Organization of Life and Health Insurance Guaranty Associations NOLHGA was created in 1983 nolhga.com/factsandfigures/main.cfm/location/insolvencies/orderby/date#sort nolhga.com/pressroom/journal.cfm These events, of course, were the reasons that NOLHGA was created (under the auspices of the ACLI). 2006 0803 – DOTT – Remarks of David G. Nason…
Read MoreLicensing
Licensing Among the applications refused are those of a New York banker, a railroad conductor, a barber, a foot specialist, a physician , several lawyers, a clergyman – who naively says that while some policies were obtained by him last year “my name was not used ” – and another clergy man, whose authorization the…
Read MorePolicy Performance
Policy Performance ….provide illustrations based on different assumptions. This would serve to demonstrate to the consumer the effect on future benefits of changes in assumptions. STATEMENT ON BEHALF OF THE AMERICAN COUNCIL OF LIFE INSURANCE <ACLI> TO THE NAIC MARKET CONDUCT SURVEILLANCE (EX3) TASK FORCE, June 13, 1988 1988-2, NAIC Proceedings Doc 781 – (p4-5) -…
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Reinsurance Assumption Reinsurance Captive Reinsurance Financial Reinsurance Reinsurance Collateral Reinsurance – Taxes 1988 – SOA – Reinsurance Tax Issues, Society of Actuaries – 10p Surplus Relief Reinsurance Skinner – GOV – Blunt Instrument NAIC – Special Purpose Reinsurance Vehicle Model Act – 789-1 – 34p Section 1. Purpose – This Act provides for the creation of Special…
Read MoreNAIC – Insurance Commissioners – Snippets
NAIC – Insurance Regulators – Snippets NAIC – Insurance Commissioners – Snippets NAIC – Insurance Commissioners – Snippets – 1970s NAIC – Insurance Commissioners – Snippets – 1980s NAIC – Insurance Commissioners – Snippets – 1990s NAIC – Insurance Commissioners – Snippets – 2000s NAIC – Insurance Commissioners – Snippets – 2010s NAIC – Snippets…
Read MorePolicy Information for Applicant – Universal Life Policy – NAIC
Policy Information for Applicant – Universal Life – NAIC Focus Groups 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary, — [BonkNote] — 10p 1993 – NAIC – Policy Information for Applicant – Universal Life Policy – 3p Life Insurance Disclosure Model Regulation – Appendix D Located in: 1993 0525 – GOV (Senate)…
Read MoreGRET – Generally Recognized Expense Table
GENERALLY RECOGNIZED EXPENSE TABLE (GRET) 1998 – GENERALLY RECOGNIZED EXPENSE TABLE FOR 1998 ILLUSTRATIONS. SOCIETY OF ACTUARIES COMMITTEE ON LIFE INSURANCE RESEARCH. REPORT TO THE NAIC LIFE DISCLOSURE WORKING GROUP, Society of Actuaries – 8p 1996-2 Generally Recognized Expense Table 716 Adopted 695 2000-3 Society of Actuaries Committee on Life Insurance Research Report to the…
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Solvency Failures Insolvent Insolvencies Surplus Notes Solidity (Solvency) During the early 1990s, however, the solvency problems of the life insurance industry increased, climaxing in the failure in 1991 of several large insurers– Executive Life Insurance Company, First Capital Life Insurance Company (EF Hutton) Fidelity Bankers Life Insurance Company, Monarch Life Insurance Company, and Mutual Benefit…
Read MoreRegulation 187
Regulation 187 Regulation 187 “Best Interest” Suitability A Changing Mosaic in SEC Regulation and Enforcement: BrokerDealers and Investment Advisers https://scholarship.law.uc.edu/cgi/viewcontent.cgi?article=1221&context=uclr The Fragmented Regulation of Investment Advice: A Call for Harmonization https://repository.law.umich.edu/cgi/viewcontent.cgi?article=1017&context=mbelr THOMAS V. METROPOLITAN LIFE INSURANCE CO.: SEMANTICS, FIDUCIARY DUTY, AND AN OUTDATED DISTINCTION https://www.law.du.edu/documents/denver-university-law-review/v89-2/LILES_TO_DARBY.pdf SELLING ADVICE AND CREATING EXPECTATIONS: WHY BROKERS SHOULD BE FIDUCIARIES…
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Suitability There should be suitability rules in place, particularly for cash value life insurance policies to assure that sales of proper products are made. (p14) — J. Robert Hunter 2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection – [PDF-123p, VIDEO-?] 2000 – NAIC – Suitability of sales of life insurance and…
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