Social Media – Page 27

Benchmarks Rodney C. Wilton: We cannot stop people trying to sell or design gold bricks. As actuaries, all we can do is make it so people have a better chance of knowing what they are buying. The simpler a product, the more chance the prospective policyholder has to know it is a gold brick. For…

Q: Will the World Collapse if… 1988 – SOA – Actuarial Opinion on Non-Guaranteed Elements, Society of Actuaries – 12p Larry R. Robinson,Chairman of the ACLI Subcommittee on Cost Disclosure The article is entitled “Future Shock” by Harry Lew with the sub-heading: – <WishList> “What will happen when a generation of insurance buyers begins comparing unrealistic illustrations with…

Insurance Regulation – Purpose Policyholder Protection Solvency of Companies PRELIMINARY COMMENT: The principal goal of insurance regulation has always been to prevent insurer insolvencies. It is pursued in various ways. 1969 0821- Wisconsin – 1969 Senate Bill 525 – Chapter 646 – Insurance Security Fund

Scott Witt wittactuarialservices.com IULSG – NAIC – Independent Proposal Legal Cases – Expert Witness Actuary 2004 – SOA – Has the Illustrations Regulation Been Successful?, by Scott Witt, Society of Actuaries – 3p 2020 0402 – Scott Witt – A Critical Review of Indexed Universal Life, by Scott Witt – 5p 2020 0506 – Scott Witt…

LIBG – Life Insurance Buyer’s Guide – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# A AAA to NAIC – Life Insurance Buyer’s Guide (LIBG) Back to top C Copy of LIBG – Life Insurance Buyer’s Guide Back to top L LIBGWG – Life Insurance Buyer’s Guide Working Group – Index LIBGWG – Life Insurance Buyer’s Guide Working Group – NAIC…

Illustrations – Purpose What is the purpose of policy illustrations? 1988 – SOA – Are Current Illustrations Supportable?, Society of Actuaries – 20p https://www.bonknote.com/2013-1211-doc-735-2-deposition-of-michael-tivilini-215p/ THE WITNESS: I mean, it’s one of the things you would look at. Certainly, life insurance illustrations are, you know, one way of showing how the policy is going to behave…

Halsey Josephson 1976 1021 – NYT – Obituary – Halsey D. Josephson, 70, Author of Seven Books on Life Insurance – [link] In 1954, he founded Probe, a biweekly newsletter of commentary on the American life‐insurance scene. He leaves his wife, the former Ruth P. Goldstein, and two sons, Halsey Jr. and Robert. <WishList> -…

Gallant v Prudential Thomas James Methvin – Gallant v. Prudential, which resulted in a $25,000,000.00 jury verdict. alabamajustice.org/?pg=SustSpotlight 1995 0501 – Congressional Record-House – p11424 – 95p EXHIBIT 1 – TESTIMONY OF PROF. GEORGE L. PRIEST BEFORE THE SENATE COMMITTEE ON THE JUDICIARY 1995 0404 and 0726 – GOV (Senate) – Punitive Damages: Tort Reform and…

Potential Data Sources Used in Market Analysis – MAPWG – NAIC 2023 0410 – NAIC Proceedings – MAPWG – Virtual Meeting – 9p (p5-7) – Potential Data Sources Used in Market Analysis NAIC Sources CDS – Complaint Database System RIRS – Regulatory Information Retrieval System FAS – Financial Annual Statement Financial Profile reports State Page MDA FAST…