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Q: Should A Life Insurance Policy Be Split? – SIV/CIV
Q: Should A Life Insurance Policy Be Split? – SIV/CIV High early cash value policies, “premium endowments,” and other policies which overemphasize the cash-value buildup have been around for years. Recently, however, some state insurance departments have been taking a closer look at these policies. At least one state has gone so far as to…
Read MoreQ: Who Can Explain How Life Insurance Policies Work?
Q: Who Can Explain How Life Insurance Policies Work? The insider joke about indexed universal-life policies is that it takes an actuary, an attorney and maybe even an engineer to understand how the product works. Some regulators worry that hypothetical projections of savings growth using these indexes are overly rosy and can lead to unrealistic…
Read More2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection – Sue W. Kelly (R-NY)
2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection, Sue W. Kelly (R-NY) 2003 0506 – GOV (House) – Increasing the Effectiveness of State Consumer Protection, Sue W. Kelly (R-NY) — [BonkNote] [PDF-123p, VIDEO-?] – <mp3, mp4> – R Committee on Financial Services – Subcommittee on Oversight and Investigations CFA – J.…
Read MoreACLI – TRG – Technical Resource Goup, Industry – Illustrations – NAIC
ACLI – TRG – Technical Resource Goup – NAIC George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations) 1990s – LDWG -Life Disclosure Working Group – (A) – NAIC I think you really have to make sure that people understand volatility, whether you solve for a policy blowing up…
Read MoreComplex Products
Complex Products More complex products sold to individual consumers (e.g., universal life policies) tend to generate more market conduct problems than simple products (e.g., term life insurance). 2003 0701 – Report – For NCOIL – The Path to Reform – The Evolution of Market Conduct Surveillance Regulation, by PricewaterhouseCoopers and Georgia State University – 117p…
Read MoreOptions – Life Insurance Policy
Options – Life Insurance Policy Michael Lovendusky, ACLI …said the ACLI work group thinks that most confusion for consumers involves complex products like universal life, and not Simple products like term life. He said consumers are mostly confused about options, guarantees and riders. The ACLI work group was considering asking the life insurance and Annuities…
Read More2013 0905 – LC – Johnston & Johnston v. Conseco – 5th Circuit Court of Appeals – 13-30010 – Oral Argument – mp3
2013 0905 – LC – Johnston & Johnston v Conseco – 5th Circuit Court of Appeals – 13-30010 – Oral Argument – mp3 – LC – Johnston & Johnston v. Conseco — [BonkNote] 2013 0905 – LC – Johnston & Johnston v Conseco – 5th Circuit Court of Appeals – 13-30010 – Oral Argument – mp3 — [BonkNote]…
Read MorePunitive Damages
Punitive Damages 1997 – LR – Punitive Damages Reform: The Case of Alabama, by George L. Priest – 17p Gallant v. Prudential 27. Gallant v. Prudential Life Ins. Co., Barbour County, AL, CY·93-S0 (1994) Ferguson v Crown Life
Read MoreMatt Taibbi
Matt Taibbi c-span.org/person/?1011360/MattTaibbi rollingstone.com/author/matt-taibbi/ 2009 0821 – Rolling Stones – Ladies and Gentlemen, AIG’s New Chief!, by Matt Taibbi – [link] 2010 – Book – Griftopia, by Matt Taibbi – [BonkNote]
Read MoreQ: What is the NAIC? Trade Group or Standard-Setter?
Q: What is the NAIC? Trade Group or Standard-Setter? 2011 1219 – ThinkAdvisor – Is the NAIC a Trade Group or Official Standard-Setter?, By Elizabeth Festa & Arthur D. Postal – [link] The National Association of Insurance Commissioners Tuesday plans to announce an initiative to brand itself as a “standard-setting organization” rather than a trade group–a…
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