Snippets
Project – NAIC – Snippets – 2022
Project – NAIC – Snippets – 2022 2022 0407 – 2022-1, NAIC Proceedings – LIAC – Life Insurance (A) Committee 2. Adopted the Report of the Accelerated Underwriting (A) Working Group and the March 4 Draft Accelerated Underwriting in Life Insurance Educational Report Mr. Birnbaum said he participated, along with Brendan Bridgeland (Center for Insurance…
Read MoreProject – NAIC – Snippets – 2021
Project – NAIC – Snippets – 2021 2021 0811 – LIAC – NAIC – Summer National Meeting, Proceedings – 43p (p8) – 2021 0811 – LIIIWG Next Steps Summary Comment Chart 2021 1216 – LIAC – NAIC – Executive (EX) Committee and Plenary – Attachment Four – 4. The Life Insurance Online Guide (A) Working…
Read MoreASB – Actuarial Standards Board – Snippets
ASB – Actuarial Standards Board – Snippets Jack Turnquist, ASB, Actuarial Standards Board said his organization had held a public hearing in March because of concern about abuses in illustrations and concerns about how non-guaranteed elements were being illustrated. The Actuarial Standards Board had considered development of standards, but he felt that it would be…
Read MoreNCOIL – National Council of Insurance Legislators – Snippets
NCOIL – Snippets 1993 0124 – The Washington Post – States Need to Reform Insurance Guaranty Funds, Jane Bryant Quinn – [link] To reduce the lottery element of settlements, the National Conference of Insurance Legislators (NCOIL) has proposed a single, interstate guaranty fund. 3. H.R. 1290 – Bob Mackin (NCOIL) expressed concerns about the various industry…
Read MoreWalker vs. LSW – Snippets
Walker vs. LSW – Snippets (p170) Mr. Brosnahan said: Well, the fees can cause policies to lapse. Is that a secret? I mean, fees cost something. That’s the point of fees. If someone puts money into their policy, there will be fees, as they know, coming out of those policies. If you don’t put enough premiums…
Read More1990s – Prudential Insurance Company – Snippets
1990s – Prudential Insurance Company – Snippets I would say to all of you that if you think that you don’t have any customers or any agents who fail to understand what a nonguaranteed illustration really means, you’re kidding yourself. And if you don’t think that you have customers out there (which means agents also)…
Read MoreProject – NAIC – Snippets – 2023
Project – NAIC – Snippets – 2023 2023 – LIAC – NAIC – my question Regulator Responses / Pic From NAIC Snippets 2014-2020 History NAIC, Legal Cases, SOA, Media 2023 0815 – LIAC – NAIC – 11p Birnbaum reiterated his longstanding concerns regarding illustrations. He said the Life Actuarial (A) Task Force proposed and the Life…
Read MoreProject – NAIC – Snippets – 2020
Project – NAIC – Snippets – 2020 2020 2020 01-? – NAIC – Retirement Security, Conference Call – Brenda Cude / Karroll Kitt – Presentation We want you to know that Financial Education is important, but that many other groups are better situated to design deliver and evaluate education than NAIC is. We think NAIC’s…
Read MoreProject – NAIC – Snippets – 2019
Project – NAIC – Snippets – 2019 2019 0310 – Letter – AXA Equitable, Brian R. Lessing, to NAIC (IULISG) – Indexed Universal Life Illustrations Subgroup – 2019-3, NAIC Proceedings – (p6-844) In considering the specific questions posed by the Subgroup, we found it helpful to take a step back, and to first consider two…
Read MoreProject – NAIC – Snippets – 2018
Project – NAIC – Snippets – 2018 2018 0103 – NAIC – LIBGWG, Life Insurance Buyer’s Guide Working Group – Letter – AAA / Academy of Actuaries – NGEWG Re: Comments on for the “CEJ Expanded Outline” Exposure Draft – Ian Trepanier, the Academy’s life policy analyst Gabe Schiminovich … we would encourage you to…
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